Form 4: State Street Corp CEO Ronald O'Hanley Reports Changes in Beneficial Ownership
SEC Form 4
Ronald O'Hanley, Chairman, CEO, and President of State Street Corporation, reports transactions involving common stock and cash-settled restricted stock units.
Summary
- On May 15, 2025, Ronald O'Hanley reported transactions involving State Street Corporation's common stock and cash-settled restricted stock units.
- These transactions include the vesting and disposal of restricted stock units, as well as a gift of common stock.
- The reported transactions resulted in a change in the amount of common stock and derivative securities beneficially owned by Mr. O'Hanley.
- Following the reported transactions, Mr. O'Hanley directly owns 257,763 shares of common stock and indirectly owns 152,656 shares through a trust.
- He also directly owns 4,029 2023 Cash Settled Restricted Stock Units and 15,427 2024 Cash Settled Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in the financial services industry.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among large financial institutions like State Street, JPMorgan Chase, and Bank of America.
- The vesting schedules and terms of these units are generally aligned with industry norms to incentivize long-term performance and retention.
- The reporting requirements under Section 16(a) of the Securities Exchange Act ensure transparency in executive stock transactions, which is a global benchmark for corporate governance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of State Street Corporation's stock.
- The vesting of restricted stock units is part of the executive compensation plan, which is of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Date of award granted under the State Street Corporation 2017 Stock Incentive Plan. |
| 02/23/2024 | Date of award granted under the State Street Corporation Amended and Restated 2017 Stock Incentive Plan. |
| 05/15/2025 | Date of earliest transaction reported. |
| 05/19/2025 | Date of signature for the report. |
| 02/15/2026 | Expiration date for 2023 Cash Settled Restricted Stock Units. |
| 02/15/2027 | Expiration date for 2024 Cash Settled Restricted Stock Units. |
Keywords
State Street Corporation, Ronald O'Hanley, Beneficial Ownership, Form 4, Stock Transactions, Restricted Stock Units, Common Stock, SEC Filing
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