Schwab Founder, Tenet Chiefs Cash Out

Insiders at two major US companies filed significant sell transactions last week, with the filings landing in close succession across the brokerage and healthcare sectors.

Charles Schwab, founder and co-chairman of SCHW, filed sales totalling over $19.7 million between July 28 and July 30. He sold roughly 189,000 shares across two days at prices near $105–$106. That came alongside a separate sale by board member Carolyn Schwab-Pomerantz worth $2.4 million. Three insiders offloading shares within days of each other is a pattern worth watching.

At THC, Tenet Healthcare, four executives filed sales last week totalling over $7.4 million. COO Lisa Foo sold $2.6 million worth of shares on July 29. CIO Paola Arbour sold $2.7 million the day before. Two independent directors added smaller sales on the same date. The stock has been trading around $244–$258 — near multi-year highs — which may explain the timing.

On the buy side, ACS Chairman and CEO Florentino Perez Rodriguez filed purchases of $38.2 million in ACS shares across three consecutive days (July 29–31), picking up 400,000 shares. That's a bold bet from the top of the company — and a signal worth noting for investors tracking conviction buys from C-suite insiders.