Beatty Jonathan S 4
4 · SCHWAB CHARLES CORP · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Schwab (SCHW) Jonathan Beatty, MD, Sells 5,036 Shares
What Happened
Jonathan S. Beatty, MD and Head of Advisor Services at Charles Schwab (SCHW), disposed of a total of 5,036 shares in early July 2026. He sold 4,000 shares in two open-market transactions (2,000 shares on 2026-07-02 at a weighted average $97.03, $194,059; and 2,000 shares on 2026-07-06 at a weighted average $100.01, $200,015), totaling about $394,074. Separately, 1,036 shares were withheld to cover taxes upon settlement of restricted stock units, valued at $96,063. These are disposals (sales/withholding), not purchases.
Key Details
- Transaction dates and prices:
- 2026-07-01: 1,036 shares withheld for taxes at $92.72 — $96,063 (tax withholding on RSU settlement) (F1)
- 2026-07-02: 2,000 shares sold in open market at weighted avg $97.03 — $194,059 (F2, F3; multiple trades ranged $97.00–$97.045)
- 2026-07-06: 2,000 shares sold in open market at weighted avg $100.01 — $200,015 (F2, F4; multiple trades ranged $100.00–$100.02)
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes of note:
- F1: Shares withheld to satisfy taxes on RSUs granted July 1, 2024.
- F2: Open-market sales were made under a Rule 10b5-1 trading plan adopted Feb 27, 2026.
- F3/F4: Sales executed in multiple trades; reported prices are weighted averages; full trade-level details available on request per the filer.
- Filing timeliness: The Form 4 was filed on 2026-07-06 covering transactions from 2026-07-01 to 2026-07-06. The July 1 tax-withholding appears to have been reported after the typical two-business-day Form 4 deadline.
Context
Tax-withholding of shares upon RSU settlement is a common, administrative disposition to cover taxes and does not necessarily reflect a market view. The two open-market sales were executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is intended to reduce concerns about insider timing. These transactions are disposals (sales); there were no purchases reported.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-07-01$92.72/sh−1,036$96,063→ 32,459 total - Sale
Common Stock
[F2][F3]2026-07-02$97.03/sh−2,000$194,059→ 17,738 total(indirect: By Trust) - Sale
Common Stock
[F2][F4]2026-07-06$100.01/sh−2,000$200,015→ 15,738 total(indirect: By Trust)
Footnotes (4)
- [F1]Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person on July 1, 2024.
- [F2]These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
- [F3]This transaction was executed in multiple trades at prices ranging from $97.00 to $97.045. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]This transaction was executed in multiple trades at prices ranging from $100.00 to $100.02. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.