Form 4: State Street EVP Sarah Timby Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sarah Timby, EVP and Chief Admin Officer at State Street Corporation, disposed of 685 shares of common stock on August 15, 2024, to cover tax withholding obligations related to vesting deferred stock.
Summary
- On August 15, 2024, Sarah Timby, EVP and Chief Admin Officer of State Street Corporation, disposed of 685 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of previously awarded deferred stock.
- The shares were sold at a price of $80.55 per share.
- Following the transaction, Ms. Timby directly owns 14,888 shares of State Street Corporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/19/2024 | Date of signature on the Form 4 filing |
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