Charles Schwab (SCHW) executive Murtagh sold 4,053 shares for $422K at $104.14 under a 10b5-1 plan
Insider transactions reported
Nigel J Murtagh (Chief Risk Officer at Charles Schwab Corporation, SCHW) reported that they sold 4,053 shares for $422K at $104.14, and acquired 4,053 shares at $46.81 on Jul 21, 2026. After these transactions the filing shows 57,972.48 shares held directly.
- Reporting person
- Murtagh Nigel J
- Role
- Chief Risk Officer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 21, 2026 | Exercise or conversion of a derivative (M) | Common Stock | +4,053 | $46.81 | $190K | 62,025.4846 direct |
| Jul 21, 2026 | Open-market sale (S) | Common Stock1, 2 | -4,053 | $104.14 | $422K | 57,972.4846 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jul 21, 2026 | Exercise or conversion of a derivative (M) | Nonqualified Stock Option (right to buy)On 4,053 Common Stock4 | -4,053 | - | - | 48,622 direct |
Holdings before and after
- Nonqualified Stock Option (right to buy): 52,675 to 48,622 direct
Other positions listed
- Common Stock: 2,621 indirect, by ESPP
Footnotes from the filing
- 1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2025.
- 2. This transaction was executed in multiple trades at prices ranging from $104.12 to $104.405. 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.
- 3. This information is based on a plan statement as of July 15, 2026.
- 4. This option was granted under the company's 2013 Stock Incentive Plan and vested in four annual installments beginning on the first anniversary of the grant.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Murtagh report in this SCHW Form 4?
Nigel J Murtagh (Chief Risk Officer at Charles Schwab Corporation, SCHW) reported that they sold 4,053 shares for $422K at $104.14, and acquired 4,053 shares at $46.81 on Jul 21, 2026. After these transactions the filing shows 57,972.48 shares held directly.
How many SCHW shares does Murtagh hold after this filing?
The filing shows 57,972.48 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this SCHW insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for SCHW
Across the 27 sessions after earlier SCHW headlines, the stock closed higher 11 times and lower 16 times, with a median move of 1.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | SCHW | SPY |
|---|---|---|---|
| Jul 24, 2026 | Schwab Declares Quarterly Common Stock Dividend and Declares Preferred Stock Dividends | +0.4% | +0.1% |
| Jul 21, 2026 | Schwab Reports Record Quarterly Revenue and Earnings | -2.5% | +0.8% |
| Jul 20, 2026 | Charles Schwab downgraded by BMO Capital Markets with a new price target | +1.0% | -0.2% |
| Jul 6, 2026 | Schwab Trading Activity Index™: STAX Score Reaches a Four-Year High in June | +3.7% | +0.9% |
| Jun 25, 2026 | Charles Schwab Discloses Results of the Federal Reserve’s 2026 Comprehensive Capital Analysis and Review | -2.1% | +0.1% |
| Jun 24, 2026 | Schwab Announces Its Summer Business Update | -1.9% | -0.0% |
Earlier insider filings at SCHW
- Jul 21, 2026MD, Head of Advisor Services Beatty Jonathan S sold $208,411 worth of shares (2,000 units at $104.21) as part of a pre-agreed trading plan (SEC Form 4)
- Jul 10, 2026MD, Head of Retail Investing Craig Jonathan M. exercised 21,750 shares at a strike of $46.81 and sold $2,218,722 worth of shares (21,750 units at $102.01) as part of a pre-agreed trading plan (SEC Form 4)
- Jul 8, 2026MD, Head of Advisor Services Beatty Jonathan S sold $204,018 worth of shares (2,000 units at $102.01) as part of a pre-agreed trading plan (SEC Form 4)
- Jul 6, 2026SEC Form 4 filed by Director Ellis Stephen A
- Jul 6, 2026SEC Form 4 filed by Director Herringer Frank C
- Market cap
- 30-day
- Sector
- Finance
- Industry
- Investment Bankers/Brokers/Service
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