Schwab Executive Doubles Money in Strategic Options Exercise and Stock Sale
Rhea-AI Filing Summary
Paul V. Woolway, Managing Director and Chief Banking Officer of Charles Schwab, reported significant insider transactions on June 18, 2025:
- Exercised 10,129 non-qualified stock options at $46.81 per share under the company's 2013 Stock Incentive Plan
- Subsequently sold 10,129 shares at weighted average price of $90.0073 (range: $90.00-$90.045) through a Rule 10b5-1 trading plan established November 15, 2024
- Contributed exercised shares to a revocable trust
Post-transaction holdings include:
- 33,767 shares held directly
- 39,154 shares in trust
- 7,464 shares in ESPP
- 2,277 shares through two sons (1,138.624 each)
- 10,131 remaining stock options exercisable until March 1, 2029
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Woolway Paul V
Role
MD, Chief Banking Officer
Sold
10,129 shs ($912K)
Approx. gross sale proceeds
$912K
Approx. exercise cost
$474K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Nonqualified Stock Option (right to buy) | 10,129 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,129 | $46.81 | $474K |
| Sale | Common Stock | 10,129 | $90.0073 | $912K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 10,131 shares (Direct);
Common Stock — 33,767 shares (Direct);
Common Stock — 39,154.1078 shares (Indirect, by Trust);
Common Stock — 7,464 shares (Indirect, by ESPP);
Common Stock — 1,138.624 shares (Indirect, by Son 1);
Common Stock — 1,138.624 shares (Indirect, by Son 2)
Footnotes (4)
- F1. Reflects the contribution of 10,129 shares received upon exercise of the options to a revocable trust.
- F2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-l trading plan adopted by the reporting person on November 15, 2024.
- F3. This transaction was executed in multiple trades at prices ranging from $90.00 to $90.045. 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. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What SCHW stock transactions did Paul Woolway execute on June 18, 2025?
On June 18, 2025, Paul Woolway (Chief Banking Officer) exercised 10,129 stock options at $46.81 per share and subsequently sold the same number of shares at an average price of $90.0073 through a trust. The shares were sold pursuant to a Rule 10b5-1 trading plan established on November 15, 2024.
What was the exercise price of SCHW stock options exercised by Paul Woolway?
Paul Woolway exercised nonqualified stock options with an exercise price of $46.81 per share. These options were originally granted under the company's 2013 Stock Incentive Plan and had an expiration date of March 1, 2029.
What is Paul Woolway's position at Charles Schwab (SCHW)?
Paul Woolway serves as Managing Director and Chief Banking Officer at Charles Schwab Corporation, as indicated in the Form 4 filing.
Was the SCHW stock sale by Paul Woolway part of a planned transaction?
Yes, the stock sale was executed pursuant to a Rule 10b5-1 trading plan that Paul Woolway had established on November 15, 2024. This type of plan provides a predetermined trading schedule to help avoid allegations of insider trading.