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Charles Schwab Sell 1M Shares

April 25, 2011

Charles R Schwab, the Chairman and 10% Owner of Charles Schwab Corp., sold 1,000,000 shares of the company.  The sale doesn't materially impact Mr. Schwab's holdings - he still owns some 200 million shares.  The sale generated nearly $19 million for Mr. Schwab.   Other insiders recently sold or bought shares in the company - as follows:

  • President, CEO  Walter Bettinger sold 408,000 shares,  he still owns ~ at least 418,000 shares.
  • Director Roger Walther bought 2,650 shares, raising his holdings to 233,480 shares.
  • EVP for Investor Services Benjamin Brigeman sold 43,403 shares;  he still owns at least 135,000 shares.
  • EVP for Shared Strategic Services John Clendening sold 10,000 shares;  still owns at least 33,500 shares.
  • EVP for HR Jay Allen sold 53,000 shares, and still owns at least 34,765 shares.

[gurufocus.com, 4/22]