SCHWAB CHARLES CORP (SCHW) insider Charles R. Schwab gifts 37,200 shares via trust
Rhea-AI Filing Summary
Schwab Charles R., Co-Chairman of SCHWAB CHARLES CORP, reported a bona fide gift transfer of 37,200 shares of common stock on 2026-08-06, made through an entity reported as held indirectly by Trust. A footnote states this change reflects his resignation as trustee of two trusts established for the benefit of his relatives.
Following this activity, the filing lists indirect holdings of 53,775,791 shares by Trust, 30,114,318 shares by a Limited Partnership, 44,025 shares by 188 Corp, and 10,624,797.33 shares by his spouse as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,200 shares
Net Sell
4 txns
Insider
Schwab Charles R.
Role
Co-Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 37,200 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 53,775,791 shares (Indirect, by Trust);
Common Stock — 30,114,318 shares (Indirect, by Limited Partnership);
Common Stock — 44,025 shares (Indirect, by 188 Corp);
Common Stock — 10,624,797.33 shares (Indirect, by Spouse as Trustee)
Footnotes (1)
- F1. Reflects resignation of Mr. Schwab as Trustee of two trusts established for the benefit of his relatives.
Key Figures
Gifted shares: 37,200 shares
Price per share for gift: $0.0000
Indirect holdings by Trust: 53,775,791 shares
+3 more
6 metrics
Gifted shares
37,200 shares
Bona fide gift of common stock on 2026-08-06
Price per share for gift
$0.0000
Reported transaction price per share for gifted shares
Indirect holdings by Trust
53,775,791 shares
Total indirect common shares reported as held by Trust after transaction
Indirect holdings by Limited Partnership
30,114,318 shares
Total indirect common shares reported as held by Limited Partnership
Indirect holdings by 188 Corp
44,025 shares
Total indirect common shares reported as held by 188 Corp
Indirect holdings by spouse as trustee
10,624,797.33 shares
Total indirect common shares reported as held by spouse as trustee
Key Terms
bona fide gift, indirect ownership, trustee, Rule 10b5-1
4 terms
bona fide gift regulatory
"The transaction code G is described as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"Shares are reported under indirect ownership through entities such as trusts"
trustee financial
"Reflects resignation of Mr. Schwab as Trustee of two trusts"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Rule 10b5-1 regulatory
"The document-level Rule 10b5-1 checkbox is considered for plan status"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SCHW Co-Chairman Charles R. Schwab report?
Charles R. Schwab reported a bona fide gift of 37,200 SCHW common shares on 2026-08-06. The transfer was reported as indirect ownership by Trust and carried no stated price per share.
What are Charles R. Schwab’s indirect SCHW holdings after the reported gift?
After the reported activity, the filing lists 53,775,791 shares by Trust, 30,114,318 shares by Limited Partnership, 44,025 shares by 188 Corp, and 10,624,797.33 shares held by his spouse as trustee.
Were Charles R. Schwab’s SCHW transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan. The reported transaction is a bona fide gift, and there is no indication in this filing that it was executed under a trading plan.