Schwab Founder Dumps $35M; BSX CEO Buys Big

Insider activity picked up sharply this week, with executives filing notable trades across finance, energy, and healthcare.

Charles Schwab, founder and Co-Chairman of SCHW, filed sales totaling over $35M in recent days. He sold roughly 332,000 shares across five separate transactions. His daughter, director Carolyn Schwab-Pomerantz, also filed sales worth nearly $5M. The combined family selling at SCHW stands out as one of the week's largest insider exit clusters.

In energy, billionaire Carlos Slim Helu filed the sale of over $36.6M worth of PBF Energy shares. The trades took place on July 30 and were reported this week. A senior vice president at PBF also filed a separate $1.8M sale.

Against the selling wave, Boston Scientific CEO Michael Mahoney filed a $9M purchase of BSX shares on August 3. That trade, reported August 5, signals confidence from the top. Mahoney bought 186,240 shares at around $48 each.

Two PFE directors — Ronald Blaylock and Tim Buckley — both filed purchases worth roughly $1M each on August 5. The coordinated buying at Pfizer is rare and may reflect a view that the stock is undervalued.

LTH Life Time Group CEO Bahram Akradi filed the sale of $19.5M in shares, with three separate insiders at the fitness company filing exits totalling nearly $24.5M in total.