On May 28, Wurster Richard A, who serves as President & CEO, filed a Form 4 showing a personal purchase of 21,959 shares of SCHW at an average price of $84.23 per share. The transaction represents a notional value of approximately $1.85 million.
No other insiders reported buying SCHW shares on the same day. Large open-market purchases by senior executives can indicate a belief in the company’s near-term prospects or undervaluation. This filing may be of interest to investors tracking insider activity for signals of management’s outlook.