Form 4: Schwab Executive Jonathan Beatty Reports Stock Transactions

Jonathan Beatty, MD, Head of Advisor Services at Charles Schwab Corp, reports acquisition and disposal of company stock and stock options.

Summary

• On March 1, 2025, Jonathan Beatty, MD, Head of Advisor Services at Charles Schwab Corp, reported transactions involving Schwab's common stock.
• Beatty acquired 9,482 shares of common stock through the exercise of stock options.
• He also disposed of 2,088 shares to cover tax obligations at a price of $79.045 per share.
• Following these transactions, Beatty directly owns 44,375 shares and indirectly owns 18,069 shares through a trust.
• Additionally, Beatty acquired 30,096 nonqualified stock options with an exercise price of $78.12, exercisable beginning March 3, 2025.
• These options were granted under the company's 2022 Stock Incentive Plan and vest in four equal annual installments.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Charles Schwab.
• Similar filings are made by executives at companies like Goldman Sachs, Morgan Stanley, and Bank of America.
• The details of the transactions, such as the number of shares and the price, are specific to the individual and the company's stock incentive plans.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions are unlikely to significantly impact employees, customers, suppliers, or creditors.

Key Dates