secwatch.observer — SEC 8-K summary
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Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001193125-22-211282
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schwab repurchases ~15M nonvoting shares from TD for up to $1B
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- Repurchase of 15,030,813 shares of nonvoting common stock from TD Luxembourg for aggregate price not exceeding $1B.
- Concurrently, TD Luxembourg sold 13,369,187 common shares via Rule 144 block trade on August 1, 2022.
- Repurchase price per share equals the lowest price from TD's block trade sale.
- Transaction closed on August 3, 2022 with payment in immediately available funds.
- Repurchase agreement dated July 31, 2022 conditioned on execution of the Rule 144 sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000119312522211282/0001193125-22-211282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000119312522211282/d368025d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-211282

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