Form 4: State Street Executive Vice President Donna M. Milrod Reports Stock Transactions

Donna M. Milrod, Executive Vice President of State Street Corporation, reports the acquisition and disposition of company stock, including shares withheld for tax obligations and sales executed under a Rule 10b5-1 trading plan.

Summary

• On August 15, 2024, Donna M. Milrod, an Executive Vice President at State Street Corporation, had 714 shares of common stock withheld to cover tax obligations related to the vesting of previously awarded deferred stock at a price of $80.55.
• On August 16, 2024, Milrod sold 102 shares of State Street common stock at a price of $80.65.
• Following these transactions, Milrod directly owns 43,192 shares of State Street common stock.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.

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 trading activities and holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders at 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 common strategy among corporate executives to avoid accusations of insider trading, aligning with practices seen at other major financial institutions.
• The reported transactions are relatively small in scale compared to the overall market capitalization of State Street, which is typical for individual executive stock transactions.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors, as they represent routine trading activity by an executive.

Key Dates