Charles Schwab Corp.'s co-chief executives, Charles R. Schwab and David S. Pottruck, sold more than 2 million shares of the company's stock, worth nearly $80 million, in the past week.

The Washington Service, which tracks such sales, said Wednesday that Mr. Schwab -- the founder and chairman of the biggest Internet brokerage, as well as its biggest shareholder -- sold 1.5 million shares, including some held jointly with his wife and others held in trust, in four transactions Friday and Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.