Schwab Founder Dumps $20M in Shares

Charles Schwab's founder is cashing out. Charles R. Schwab, Co-Chairman of SCHW, filed three separate sell transactions this week totalling over $20.8 million. The trades, filed July 28–30, were executed at prices between $101 and $106 per share. Three insiders overall filed sales at the firm — a rare cluster of exits at one of America's biggest brokerages.

MEDP also saw coordinated selling. Founder and Chairman/CEO August Troendle filed back-to-back sales on July 29, offloading shares worth over $4.3 million at roughly $600 per share. An EVP added another $4.5 million sale on the same day. That puts total Medpace insider selling above $8.8 million in a single filing wave.

Not everyone is heading for the exit. ACI — Albertsons Companies — saw two insiders file purchases totalling over $2.4 million this week, including a buy of $1.96 million by EVP Thomas Moriarty at just $11.51 per share. That's a notable bet on a grocer whose stock has been under pressure.

CFG CEO Bruce Van Saun filed a sale of $9.3 million worth of Citizens Financial Group shares on July 28, at $72.07 apiece. Meanwhile, SKYW CEO Chip Childs sold $4.1 million in SkyWest stock the same day. Across financials, the dominant theme this week is executives reducing exposure near recent highs.

This article is not financial advice.