Form 4: State Street Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Elizabeth Schaefer, SVP and Chief Accounting Officer of State Street Corp, sold 192 shares of common stock on August 15, 2024, to cover tax withholding obligations.
Summary
- On August 15, 2024, Elizabeth Schaefer, the SVP and Chief Accounting Officer of State Street Corporation, disposed of 192 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of previously awarded deferred stock.
- The shares were sold at a price of $80.55 per share.
- Following the transaction, Schaefer directly owns 7,140 shares of State Street Corporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the transaction where 192 shares of common stock were disposed of. |
| 08/19/2024 | Date of signature for the Form 4 filing. |
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