Form 4: Schwab Executive Paul Woolway Sells Shares Under 10b5-1 Trading Plan

Paul Woolway, MD, Chief Banking Officer of Charles Schwab Corp, sold 9,887 shares of common stock at an average price of $75.3771 on March 5, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 5, 2025, Paul Woolway, MD, Chief Banking Officer of Charles Schwab Corp, sold 9,887 shares of common stock.
• The sale was executed at an average price of $75.3771 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 15, 2024.
• Following the transaction, Woolway directly owns 35,040 shares of common stock.
• Woolway also indirectly owns shares through a trust (47,931.1078 shares), ESPP (7,197 shares), and through his two sons (1,138.624 shares each).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by executives are a normal part of corporate governance, especially when executed under pre-arranged trading plans like Rule 10b5-1, which are designed to prevent accusations of insider trading.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates