Tuesday, August 01, 2017 10:15 PM ET
Charles Schwab (SCHW) Insider Makes Significant Share Sale
A filing with the SEC today disclosed a substantial insider sale of Charles Schwab shares as — Charles R Schwab, 10% Owner, Director and Officer — disposed of 350,000 shares in the company having a market value of approximately $15,086,295. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Charles Schwab is near the 14 member peer company average. The Investment Banking & Brokerage Services peer group saw 12 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Charles Schwab insiders is higher. Within the peer group there were 5,000 shares purchased and 202,646 shares sold with company insiders having sold 16,471 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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