Form 4: State Street EVP Shelton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Mark Shelton, EVP, General Counsel, and Secretary of State Street Corporation, reported disposing of 1,437 shares of common stock to cover tax obligations related to vesting deferred stock.
Summary
- On February 15, 2025, Mark Shelton, an EVP, General Counsel, and Secretary at State Street Corporation, disposed of 1,437 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of previously awarded deferred stock.
- The price per share was $99.16.
- Following the transaction, Shelton directly owns 12,452 shares of State Street Corporation common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (tax obligation fulfillment) with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock. This filing indicates a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transaction. |
| 02/19/2025 | Date of signature by Attorney-in-fact. |
Keywords
Form 4, State Street Corporation, Stock Disposal, Beneficial Ownership, Mark Shelton, Tax Obligations, Vesting
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