Form 4: State Street Corp Director Patricia Halliday Reports Stock Award and Tax Withholding

Director Patricia Halliday of State Street Corp received a stock award and had shares withheld for tax obligations, as reported in a recent SEC filing.

Summary

• Patricia Halliday, a director at State Street Corp, received 1,029 shares of common stock as a director's stock award on November 8, 2024.
• On the same day, 309 shares were withheld to cover tax obligations related to the stock award.
• Following these transactions, Ms. Halliday directly owns 720 shares of State Street Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects standard corporate practices regarding director compensation, which is generally viewed neutrally to slightly positive.

Positives

• The stock award indicates continued compensation for the director's service.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director stock awards are a common form of compensation in the financial services industry.
• Tax withholding on stock awards is standard practice to ensure compliance with tax regulations.
• Similar filings are regularly made by directors and officers of other financial institutions such as JP Morgan Chase, Bank of America, and Goldman Sachs.

Stakeholder Impact

• The stock award has a minor positive impact on the director's holdings.
• The tax withholding has a neutral impact on the company.

Key Dates

Keywords

State Street Corp, Director, Stock Award, SEC Form 4, Beneficial Ownership, Tax Withholding, Equity Securities