4/A: State Street Executive Amends Filing to Clarify Stock Award Vesting
SEC Filing
Joerg Ambrosius, an Executive Vice President at State Street Corporation, amended a previous SEC filing to clarify details regarding the vesting schedule of a performance award.
Summary
- Joerg Ambrosius, an Executive Vice President at State Street Corporation, filed an amendment to a Form 4.
- The amendment clarifies the shares subject to a continuing deferred vesting schedule of a performance award.
- The award was settled on February 15, 2025, and was initially granted on February 25, 2022, as part of the 2021 compensation package.
- The filing indicates that Ambrosius acquired 6,151 shares of common stock on February 15, 2025, at a price of $0.
- Following the reported transaction, Ambrosius beneficially owns 54,548 shares of State Street common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of original grant of performance award as part of 2021 compensation. |
| 02/15/2025 | Date of transaction and settlement of the performance award. |
| 02/19/2025 | Date of original filing that was amended. |
| 03/13/2025 | Date of the amended filing. |
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