
Susan Schwab
15th United States Trade Representative
Susan Carol Schwab (born March 23, 1955) is an American politician, who served under President George W. Bush as United States Trade Representative from June 2006 to January 2009. She is not related to Charles R. Schwab Sr., founder of the Charles Schwab Corporation; she is also not to be confused with his first wife Susan (Cotter) Schwab.2
From Wikipedia’s article on Susan Schwab (this version), CC BY-SA 4.0.
Born Mar 23, 1955.1
About
She was nominated to replace Rob Portman as United States Trade Representative in April 2006, becoming Acting Trade Representative upon Portman's confirmation as director of the Office of Management and Budget. Previously, she served as Deputy United States Trade Representative from 2005 to 2006.
From Wikipedia’s article on Susan Schwab, shared under CC BY-SA 4.0.2
Companies
- Marriott InternationalBoard member May 13, 2015 to now10
- FedExBoard member Jun 8, 2009 to now11
- Caterpillar Inc.Board member 2009 to now12
- BoeingBoard member Feb 11, 2010 to Apr 5, 202113
- Adams Express CompanyBoard member Jan 27, 2004 to Apr 29, 200514
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Caterpillar Inc. CAT6,197 shares15$4.5M at $730.49Jun 10, 2026
FedEx FDX10,038 shares16$2.9M at $293.31Apr 15, 2026
Marriott International MAR5,419 shares17$2.1M at $388.00May 13, 2026
Boeing BA1,493 shares18$283.4K at $189.85Aug 11, 2011
Adams Express Company ADX1,520 shares19$38.9K at $25.60Dec 31, 2004
As of each latest filing. The line shows shares held over time.
Recent filings
- Jun 10, 2026Granted 211 shares of Caterpillar Inc.15
- May 11, 2026Granted 670 shares of Marriott International17
- Apr 15, 2026Sold 5,795 shares at $369.00 of FedEx16
- Apr 15, 2026Exercised options 2,780 shares at $244.88 of FedEx16
- Apr 15, 2026Exercised options 3,015 shares at $219.26 of FedEx16
- Nov 19, 2025Gift 990 shares of Caterpillar Inc.20
- Sep 29, 2025Granted 295 shares at $236.89 of FedEx21
- Sep 29, 2025Granted 823 shares of FedEx21
- Aug 15, 2025Sold 2,324 shares at $410.00 of Caterpillar Inc.22
- Jun 11, 2025Granted 482 shares at $352.53 of Caterpillar Inc.23
- May 12, 2025Granted 868 shares of Marriott International24
- Feb 24, 2025Sold 1,054 shares at $277.48 of Marriott International25
- Jan 14, 2025Sold 3,980 shares at $276.45 of FedEx26
- Jan 14, 2025Exercised options 3,980 shares at $174.64 of FedEx26
- Nov 29, 2024Gift 2,150 shares of Caterpillar Inc.27
- Nov 15, 2024Sold 2 shares at $383.20 of Caterpillar Inc.28
- Sep 23, 2024Granted 271 shares at $258.12 of FedEx29
- Sep 23, 2024Granted 755 shares of FedEx29
- Jun 12, 2024Granted 517 shares at $328.73 of Caterpillar Inc.30
- May 13, 2024Granted 837 shares of Marriott International31
- Apr 29, 2024Returned to company 4,302 shares at $349.92 of Caterpillar Inc.32
- Apr 29, 2024Returned to company 8,579 shares at $348.86 of Caterpillar Inc.32
- Mar 27, 2024Sold 6,145 shares at $288.02 of FedEx33
- Mar 27, 2024Exercised options 3,610 shares at $142.11 of FedEx33
- Mar 27, 2024Exercised options 2,535 shares at $160.53 of FedEx33
Trade performance
| Date | Stock | Trade | Value | Return since | Vs S&P since | Vs S&P, 1 year |
|---|---|---|---|---|---|---|
| Aug 15, 2025 | CAT | Sale | $952.8K | +79.2% | −59.3% | −96.1% |
Returns are price-only (no dividends), measured from the trade date.
Early life and education
Career
Occupation: university teacher, diplomat, politician.7
- Since 2009Board member, FedEx6
- Since 2009Board member, Caterpillar Inc.5
- Date not recordedWorked at University of Maryland4
Prior to becoming Deputy Trade Representative, she had served since 2003 as President and CEO of the University System of Maryland Foundation. From 1995 to 2003, she served as Dean of the School of Public Policy at the University of Maryland, College Park, where she remains on the faculty. Earlier in her career, she served as an aide to then-U.S. Senator John Danforth, as a foreign service officer in the State Department, as a well-respected Director-General of the Foreign and Commercial Service within the U.S. Department of Commerce, and as a business development executive at Motorola. Her first job was a trade negotiator with the USTR office, and she later served as Trade Policy Officer in the United States Embassy in Tokyo.
She negotiated the United States-Canada softwood lumber dispute by signing a deal along with Canadian Trade Minister David Emerson on September 12, 2006 that gave Canada $4 billion out of the 5.3 billion dollars that the country lost in the dispute.
On January 13, 2009, as the Bush Administration neared its end, Schwab reportedly announced retaliatory tariffs on "dozens" of European luxury items, including French truffles, Irish oatmeal, Italian sparkling water and Roquefort cheese. The European ban on U.S. beef containing hormones was the reason cited by the US for the retaliatory action. Roquefort cheese, made from sheep's milk in a region of southern France, was hit with a 300% tariff, apparently the highest level by far of any in the package. When a 100% tariff was placed on the cheese in 1999, the report says, José Bové helped marshal opposition. As of 2009, the French complaint with the Roquefort tariff is being pursued through diplomatic channels. She helped to launch negotiations for ACTA.
From Wikipedia’s article on Susan Schwab (this version), CC BY-SA 4.0.
Personal life
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataSusan Schwab on Wikidata
- 2WikipediaSusan Schwab on Wikipedia
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- 10SEC EDGARMarriott International, Board member
- 11Wikidata and SEC EDGARFedEx, Board member
- 12Wikidata and SEC EDGARCaterpillar Inc., Board member
- 13SEC EDGARBoeing, Board member
- 14SEC EDGARAdams Express Company, Board member
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- 20SEC EDGARForm 4 filed Nov 20, 2025
- 21SEC EDGARForm 4 filed Oct 1, 2025
- 22SEC EDGARForm 4 filed Aug 19, 2025
- 23SEC EDGARForm 4 filed Jun 13, 2025
- 24SEC EDGARForm 4 filed May 14, 2025
- 25SEC EDGARForm 4 filed Feb 26, 2025
- 26SEC EDGARForm 4 filed Jan 14, 2025
- 27SEC EDGARForm 4 filed Dec 3, 2024
- 28SEC EDGARForm 4 filed Nov 18, 2024
- 29SEC EDGARForm 4 filed Sep 24, 2024
- 30SEC EDGARForm 4 filed Jun 13, 2024
- 31SEC EDGARForm 4 filed May 15, 2024
- 32SEC EDGARForm 4 filed Apr 30, 2024
- 33SEC EDGARForm 4 filed Mar 27, 2024
- 34Wikimedia CommonsSusan Schwab photo by Unknown author Unknown author, Public domain