Form 4: State Street Executive Brian J. Franz Reports Changes in Beneficial Ownership

Executive Vice President Brian J. Franz of State Street Corporation reports acquisition and disposal of common stock related to performance award settlement and tax obligations.

Summary

• Brian J. Franz, an Executive Vice President at State Street Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On February 15, 2025, Franz acquired 12,423 shares of common stock through the settlement of a performance award granted on February 25, 2022, as part of his 2021 compensation.
• On the same day, he disposed of 6,007 shares at $99.16 per share and 3,437 shares at $99.16 per share to satisfy tax withholding obligations related to the performance award and vesting of previously awarded deferred stock, respectively.
• Following these transactions, Franz directly owns 81,208 shares of State Street Corporation common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like State Street. It provides transparency into the financial interests of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, State Street Corporation, Brian J. Franz, Stock Transactions, Executive Compensation, Performance Award, Tax Withholding, Common Stock