Charles Schwab Co-Chairman Walter W. Bettinger reported a significant disposition of company stock on February 6, 2026, according to a Form 4 filed with the Securities and Exchange Commission. Bettinger sold 67,514 shares of the firm's common stock at a weighted average price of $104.2521 per share, producing proceeds of approximately $7.04 million.
The filing details that the share sales were completed through multiple transactions, with execution prices recorded between $104.25 and $104.315 per share. On the same date, Bettinger exercised options to acquire an identical number of shares - 67,514 - at an exercise price of $42.99 per share. The exercise of those options represents a cash outlay of $2.90 million in total.
Following the sales noted in the filing, Bettinger’s indirectly held stake in the company fell to 529,346 shares. The filing also indicates he retains additional holdings through a family trust, an employee stock purchase plan (ESPP), an employee stock ownership plan (ESOP) and through his spouse.
In corporate developments separate from Bettinger’s transactions, Charles Schwab announced an increase to its regular quarterly cash dividend. The company raised the dividend by 19 percent to $0.32 per share, with the payment scheduled for February 27, 2026.
The company is also in the midst of leadership transitions at its bank unit. Paul Woolway is set to retire, and Tyler Woulfe will assume the roles of President and CEO of Charles Schwab Bank effective July 1, 2026, according to the company updates referenced in the filing.
Analyst coverage around the firm has shown shifting expectations following the company’s fourth-quarter earnings. UBS raised its price target for Charles Schwab to $125 while maintaining a Buy rating after the Q4 results; the report stated that earnings per share met expectations but revenues were slightly below forecasts. Separately, Truist Securities increased its price target to $122, citing stronger net interest income even as it anticipated higher expenses. Truist’s updated revenue growth projection for 2026 stands at 10.6 percent, slightly above the company’s own guidance.
The filing and accompanying disclosures also note a broader industry development that has affected financial stocks, including Charles Schwab. Altruist introduced an AI-powered tax planning tool, a launch that has contributed to market attention and concern within the financial sector.
All transaction details above are drawn from the Form 4 filing referenced and company announcements tied to dividend, leadership, and analyst commentary. The filing records the exact share counts, prices and dates as stated.