Schwab Charles Corp's (NYSE:SCHW) Chief Financial Officer, Peter B. Crawford, recently engaged in significant trading activity involving the company's shares, as reported in a recent SEC filing. On April 24, Crawford sold 5,481 shares of Schwab's common stock, totaling approximately $413,854. The shares were sold at a weighted average price of $75.5072, with individual transactions varying between $75.50 to $75.54.
This sale came on the heels of Crawford exercising options to acquire the same number of shares at a price of $28.44 each, amounting to a total transaction value of $155,879. These options were part of the company's 2013 Stock Incentive Plan and had vested in annual installments since November 2015.
Following the sale, the filing indicated that Crawford's ownership in Schwab shifted, reflecting the contribution of the exercised shares to a trust. The SEC filing included a footnote clarifying that the 5,481 shares received upon exercise of the option were contributed to this trust. The trust now indirectly holds 60,567 shares of Schwab's common stock.
The financial moves by the CFO of Schwab Charles Corp are part of routine transactions reported by company insiders, offering a glimpse into the stock trading activities of high-level executives. Investors often monitor such insider transactions for insights into the company's health and the confidence that executives have in their firm's prospects.
Schwab Charles Corp, headquartered in Westlake, Texas, operates as a brokerage and banking company, providing financial services to individual and institutional clients.
InvestingPro Insights
As Schwab Charles Corp's (NYSE:SCHW) CFO Peter B. Crawford makes notable moves in the company's stock, investors are keen to understand the broader financial context of the firm. Based on recent data from InvestingPro, Schwab's market capitalization stands at a robust $137.17 billion. This financial strength is underpinned by a substantial gross profit margin of 96.62% over the last twelve months as of Q1 2024, showcasing the company's efficiency in retaining revenue after the cost of goods sold is deducted.
Moreover, Schwab has been a consistent performer with its dividend payments, maintaining them for an impressive 36 consecutive years—an InvestingPro Tip that underscores the company's commitment to shareholder returns. Additionally, the stock has experienced a significant price appreciation, with a 50.64% return over the last year and currently trading near its 52-week high, at 99.22% of the peak value.
For investors looking to delve deeper into Schwab's financials and stock performance, InvestingPro offers a suite of additional tips—10 more to be precise, including insights into earnings revisions by analysts and the company's trading multiples. To gain access to these valuable InvestingPro Tips, consider visiting https://www.investing.com/pro/SCHW. And don't forget, by using the coupon code PRONEWS24, you can enjoy an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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