Form 4: State Street EVP Michael Richards Reports Stock Transactions
SEC Form 4 Filing
Michael Richards, EVP and Senior Advisor at State Street Corporation, reports the withholding of shares to cover tax obligations and updates beneficial ownership.
Summary
- Michael Richards, an EVP and Senior Advisor at State Street Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2025, 205 shares of common stock were withheld to satisfy tax obligations related to the vesting of previously awarded deferred stock at a price of $98.2 per share.
- Following the transaction, Richards directly owns 42,322 shares of State Street common stock.
- Richards also indirectly owns 628 shares through a domestic partner, reflecting shares received due to dividend reinvestment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 05/19/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, State Street Corporation, Stock Transaction, Michael Richards, STT
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