Schwab Founder Dumps $22M in Shares

Charles Schwab, founder and Co-Chairman of SCHW, filed three sell transactions this week totalling over $22 million. The trades were executed between July 24 and July 29, at prices ranging from $101.72 to $105.82 per share. His daughter Carolyn Schwab-Pomerantz, an Independent Director, filed her own $2.4M sale on the same days. The cluster of family selling at SCHW stands out as the most concentrated insider exit of the week.

On the buy side, a Director at EBRO — Spanish food group Ebro Foods — filed a $32.3M purchase on July 30. That is the largest single insider buy disclosed this week in the ORTEX database.

EL also saw a notable filing. Family holding company Delfin SARL, the investment vehicle of the Del Vecchio family, disclosed a $18.8M purchase of EssilorLuxottica shares on July 30. The family has been consistent buyers of the optical giant.

SKYW CEO Russell Childs filed the sale of $4.1M in shares on July 30. The SkyWest president sold 36,170 shares at around $113.46 each.

Applied Materials CEO Gary Dickerson filed nearly $50M in sales earlier this month across two transactions in AMAT, while CFG CEO Bruce Van Saun disclosed a $9.3M sale filed July 28.

This is not financial advice.