Form 4: State Street Corp CEO Ronald O'Hanley Reports Stock Transactions
SEC Form 4
Ronald O'Hanley, Chairman, CEO, and President of State Street Corporation, reports the acquisition and disposal of common stock and cash-settled restricted stock units on August 15, 2024.
Summary
- On August 15, 2024, Ronald P. O'Hanley, the Chairman, CEO, and President of State Street Corporation, engaged in multiple transactions involving the company's common stock and cash-settled restricted stock units.
- O'Hanley acquired and disposed of shares of common stock at prices of $80.55 and $80.45.
- These transactions involved the vesting of restricted stock units granted in 2022, 2023, and 2024 under State Street's stock incentive plans.
- Following these transactions, O'Hanley directly owns 212,028 shares of State Street common stock and indirectly owns 152,656 shares through a trust.
- He also holds derivative securities, including 5,032 units from the 2022 plan, 8,056 units from the 2023 plan, and 26,444 units from the 2024 plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment. It simply reflects the executive's trading activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like State Street.
- Similar filings are regularly made by executives at companies such as BlackRock, JPMorgan Chase, and Bank of New York Mellon.
- The details of the transactions, such as the number of shares and the prices, are typical for vesting schedules and market prices at the time of the transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine executive stock transactions.
- The disclosure provides transparency to shareholders regarding the executive's alignment with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of award granted under the State Street Corporation 2017 Stock Incentive Plan. |
| 05/15/2022 | Commencement of quarterly installment vesting for one-half of the units granted on February 25, 2022. |
| 02/15/2023 | Commencement of quarterly installment vesting for the remaining units granted on February 25, 2022. |
| 02/24/2023 | Date of award granted under the State Street Corporation 2017 Stock Incentive Plan. |
| 05/15/2023 | Commencement of quarterly installment vesting for one-half of the units granted on February 24, 2023. |
| 02/15/2024 | Commencement of quarterly installment vesting for the remaining units granted on February 24, 2023. |
| 02/23/2024 | Date of award granted under the State Street Corporation Amended and Restated 2017 Stock Incentive Plan. |
| 05/15/2024 | Commencement of quarterly installment vesting for one-half of the units granted on February 23, 2024. |
| 08/15/2024 | Date of the reported transactions involving common stock and cash-settled restricted stock units. |
| 02/15/2025 | Commencement of quarterly installment vesting for the remaining units granted on February 23, 2024; Expiration date for 2022 Cash Settled Restricted Stock Units. |
| 02/15/2026 | Expiration date for 2023 Cash Settled Restricted Stock Units. |
| 02/15/2027 | Expiration date for 2024 Cash Settled Restricted Stock Units. |
| 08/19/2024 | Date of signature by Attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.