Form 4: State Street Executive Vice President Ann Fogarty Reports Stock Transactions

Ann Fogarty, Executive Vice President of State Street Corporation, reports the acquisition and disposal of company stock, including shares acquired through a performance award and sales under a Rule 10b5-1 trading plan.

Summary

• On February 15, 2025, Ann Fogarty acquired 8,332 shares of State Street Corporation common stock related to the settlement of a performance award.
• Also on February 15, 2025, 3,259 shares were disposed of to cover tax obligations related to the performance award settlement at a price of $99.16 per share.
• An additional 1,594 shares were disposed of on the same day to cover tax obligations related to the vesting of previously awarded deferred stock at $99.16 per share.
• On February 18, 2025, Fogarty sold 3,705 shares at a price of $99.47 per share.
• Following these transactions, Fogarty directly owns 50,816 shares of State Street Corporation common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial services industry. It provides transparency into the executive's holdings and trading activities.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like State Street, similar to filings made by executives at JPMorgan Chase, Bank of America, and Citigroup.
• The use of Rule 10b5-1 trading plans is a standard practice among corporate executives to avoid accusations of insider trading, aligning with practices seen at other major financial institutions.
• The reporting requirements and format of this Form 4 filing are consistent with SEC regulations and industry norms for disclosing changes in beneficial ownership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The use of a Rule 10b5-1 trading plan assures stakeholders that the transactions are pre-planned and not based on insider information.

Key Dates

Keywords

State Street Corporation, Ann Fogarty, Stock Transactions, Form 4, Executive Vice President, Rule 10b5-1, Performance Award, Deferred Stock, Beneficial Ownership