Form 4: State Street EVP W. Bradford Hu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
W. Bradford Hu, EVP and Chief Risk Officer of State Street Corporation, reports acquisition and disposal of common stock related to performance award settlement and tax obligations.
Summary
- On February 15, 2025, W. Bradford Hu, EVP and Chief Risk Officer of State Street Corporation, reported changes in beneficial ownership of State Street common stock.
- Hu acquired 2,363 shares through the settlement of a performance award granted on February 25, 2022, as part of 2021 compensation.
- He disposed of 1,207 shares at $99.16 to satisfy tax withholding obligations related to the performance award settlement.
- Additionally, 3,519 shares were disposed of at $99.16 to cover tax obligations from the vesting of previously awarded deferred stock.
- Following these transactions, Hu directly owns 33,375 shares of State Street common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's overall financial health.
Key Dates
| Date | Description |
|---|---|
| February 25, 2022 | Date of performance award grant as part of 2021 compensation. |
| February 15, 2025 | Date of transaction: acquisition and disposal of shares. |
| February 19, 2025 | Date of signature for the report. |
Keywords
State Street Corporation, W. Bradford Hu, beneficial ownership, Form 4, common stock, performance award, tax withholding, deferred stock
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