Form 4: Schwab Executive Paul Woolway Reports Changes in Beneficial Ownership
SEC Filing
Paul Woolway, MD, Chief Banking Officer of Charles Schwab Corp, reports a transaction involving common stock, including a gift and holdings through a trust and ESPP.
Summary
- Paul Woolway, a Chief Banking Officer at Charles Schwab Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 6, 2024, Woolway gifted 1,321 shares of common stock.
- Following the transaction, Woolway directly owns 0 shares and indirectly owns 61,198.1078 shares through a trust, ESPP, and his sons.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is crucial for maintaining market integrity and investor confidence.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock gift transaction |
| 10/31/2024 | Plan statement date for ESPP information |
| 11/08/2024 | Date of Form 4 signature |
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