Schwab Charles R. 4
Research Summary
AI-generated summary
SCHW Co-Chairman Charles R. Schwab Sells 145,650 Shares
What Happened
Charles R. Schwab, Co-Chairman and Director of Schwab Charles Corp (SCHW), sold 145,650 shares in an open-market transaction on January 29, 2026. The weighted-average sale price reported was $103.16 per share, for total proceeds of approximately $15,025,968. This was a sale (not a purchase); sales by insiders are often routine and do not by themselves indicate a change in company outlook.
Key Details
- Transaction date: 2026-01-29 (reported on Form 4 filed 2026-02-02; filing appears timely).
- Shares sold: 145,650. Weighted-average price: $103.16. Total proceeds: ~$15,025,968.
- Price range: $103.00 to $103.46 (multiple trades; weighted average reported). Footnote states the reporting person will provide full trade-level details on request.
- Shares owned after transaction: Not specified in the excerpt provided.
- Transaction type/code: Open-market sale (S). No 10b5-1 plan, tax-withholding, or option exercise noted in the provided details.
Context
Insider sales are common for reasons like diversification, tax planning, or liquidity needs; they are not definitive signals about company fundamentals on their own. This filing documents a sizable but routine open-market disposition by the company's co‑chairman. If you need confirmation of remaining holdings or more granular trade prices, the filing’s footnote indicates detailed information can be obtained upon request.