Form 4: State Street Corp Vice Chairman and CFO Aboaf Eric W. Reports Sale of 12,000 Shares
SEC Form 4 Filing
Eric W. Aboaf, Vice Chairman and CFO of State Street Corporation, sold 12,000 shares of common stock at a price of $76.53 per share on May 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 14, 2024, Eric W. Aboaf, the Vice Chairman and CFO of State Street Corporation, sold 12,000 shares of the company's common stock.
- The sale was executed at a price of $76.53 per share.
- Following the transaction, Aboaf directly owns 137,063 shares of State Street Corporation.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The sale is pre-planned and doesn't necessarily indicate a negative outlook.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the pre-planned nature of the sale mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 11/17/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 05/14/2024 | Date of the transaction (stock sale) |
| 05/16/2024 | Date of signature for the Form 4 filing |
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