Form 4: State Street Exec Gifts Shares
Insider Transaction Report
State Street Corporation's EVP and SSGA CEO, Yie-Hsin Hung, reported gifting 1,700 shares of common stock.
Summary
- Yie-Hsin Hung, Executive Vice President and President and CEO of State Street Global Advisors (SSGA), reported a disposition of 1,700 shares of State Street Corporation (STT) common stock.
- The transaction occurred on August 11, 2025, and was coded as a gift ('G' transaction code), indicating no monetary consideration was received.
- Following this transaction, Yie-Hsin Hung directly beneficially owns 91,224 shares of State Street Corporation common stock.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction disclosure (Form 4) reporting a gift of shares, which does not inherently indicate positive or negative company performance or outlook.
Future Outlook
This filing is a disclosure of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
Insider transaction reports, such as Form 4 filings, are routine disclosures for publicly traded companies, providing transparency into changes in beneficial ownership by executives and directors. This specific filing details a gift of shares, a common type of transaction for personal financial planning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Yie-Hsin Hung executed a Power of Attorney, effective August 12, 2025, appointing specific individuals (Mark Shelton, Jeremy Kream, Brenda Lyons, Betsy Oliphant, Shannon C. Stanley, and Amy Doherty) as attorneys-in-fact. This grants them full power and authority to prepare, execute, and file Forms 3, 4, and 5 with the SEC on Hung's behalf, and to manage EDGAR account credentials. | 08/12/2025 | This is a standard corporate governance practice to facilitate timely and compliant SEC filings for insiders, ensuring continuity and efficiency in reporting beneficial ownership changes. |
Related Party Transactions
- A gift transaction (Code G) was reported, though the specific recipient was not disclosed in the filing.
Stakeholder Impact
- Shareholders: Minimal direct impact from a single gift transaction of this size. It provides transparency into executive shareholdings.
- Management: The Power of Attorney streamlines compliance with SEC reporting requirements for the executive.
Key Dates
| Date | Description |
|---|---|
| 08/11/2025 | Date of earliest transaction (disposition of common stock by gift). |
| 08/12/2025 | Date the Power of Attorney was executed by Yie-Hsin Hung. |
| 08/13/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
State Street, STT, Insider Transaction, Form 4, Yie-Hsin Hung, Stock Gift, Beneficial Ownership, Executive Compensation
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