Nigel J. Murtagh, Chief Risk Officer at Schwab Charles Corp (NYSE: SCHW), completed a set of equity transactions on April 14, 2026 that included the sale of 41,297 shares of company stock for approximately $4.08 million.
The dispositions were executed at a weighted average price of $99.0029 per share, with individual trades occurring in a narrow band between $99.00 and $99.06. Following those sales, the stock has subsequently traded higher, reaching $100.27, and has produced a 31.5% return over the past 12 months.
At the same time as the sale, Murtagh exercised options to acquire 41,297 shares of Schwab common stock at an exercise price of $52.05 per share, for a gross exercise value of $2,149,508. Those options were granted under the company’s 2013 Stock Incentive Plan and, according to the company’s filing details, vested in four annual installments beginning on the first anniversary of the grant.
The share sale was executed under a pre-arranged Rule 10b5-1 trading plan that Murtagh adopted on November 25, 2025. After the combined transactions concluded, his direct ownership in Schwab stands at 57,972.4846 shares. He also holds an additional 2,484 shares indirectly through participation in an Employee Stock Purchase Plan (ESPP).
These insider transactions occurred just ahead of Schwab’s scheduled earnings report on April 16, 2026.
Company operating and market context
Alongside the insider moves, Schwab has reported a recent string of operating highlights and market updates. The firm posted a record trading month in February, recording 9.9 million daily average revenue trades. Schwab also saw its core net new assets growth rebound to approximately 4.7% on a seasonally adjusted annualized basis following a mutual fund conversion.
Sell-side commentary has reflected these developments. Raymond James raised its price target for Charles Schwab to $128 while keeping an Outperform rating, citing the benefits of higher interest rates for reinvesting maturing securities and for margin loan yields. Truist Securities adjusted its target to $120, framing that number around a more conservative balance sheet forecast with average earning assets expected to reach $478 billion by late 2027. Truist reiterated a Buy rating, pointing to Schwab’s strong trading results.
In a product initiative, Charles Schwab launched the Schwab Teen Investor account, designed for individuals aged 13 to 17 to trade a range of securities under parental supervision.
Summary of the transactions
- Sale: 41,297 shares sold April 14, 2026 for ~ $4.08 million at a weighted average price of $99.0029 (price range $99.00 - $99.06).
- Exercise: Options exercised to acquire 41,297 shares at $52.05 per share, for a total exercise value of $2,149,508; options granted under the 2013 Stock Incentive Plan with four-year vesting in annual installments.
- Ownership after transactions: 57,972.4846 shares directly, plus 2,484 shares indirectly via ESPP.
- Sale executed under a Rule 10b5-1 trading plan adopted November 25, 2025.
Valuation note
According to InvestingPro analysis cited in company commentary, Schwab appears undervalued at current prices on a forward basis, with a PEG ratio of 0.37 cited as indicating attractive value relative to growth expectations.
Timing
The insider activity precedes Schwab’s earnings announcement scheduled for April 16, 2026, placing the transactions in close proximity to a material company event.