Form 4: Schwab General Counsel Peter J. Morgan III Sells 24,520 Shares
SEC Form 4 Filing
Peter J. Morgan III, General Counsel of Charles Schwab Corp, sold 24,520 shares of common stock at a weighted average price of $72.2329 on April 16, 2024.
Summary
- On April 16, 2024, Peter J. Morgan III, the General Counsel of Charles Schwab Corp, sold 24,520 shares of the company's common stock.
- The sale was executed in multiple trades with prices ranging from $72.14 to $72.33, resulting in a weighted average sale price of $72.2329.
- Following the transaction, Morgan directly owns 0 shares of common stock and indirectly owns 148.271 shares through an ESOP as of March 31, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| March 31, 2024 | Date of plan statement for ESOP holdings. |
| April 16, 2024 | Date of the stock sale transaction. |
| April 18, 2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.