Form 4: State Street Executive Vice President Reports Stock Transactions
SEC Filing Form 4
Kathryn M Horgan, Executive Vice President of State Street Corporation, reports acquisition and disposal of common stock related to performance award settlement and tax obligations.
Summary
- Kathryn M Horgan, an Executive Vice President at State Street Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 15, 2025, Horgan acquired 10,165 shares of common stock as part of the settlement of a performance award granted on February 25, 2022, as part of 2021 compensation.
- Also on February 15, 2025, 4,915 shares were disposed of to satisfy tax withholding obligations related to the performance award settlement at a price of $99.16.
- An additional 4,591 shares were disposed of on the same day to cover tax obligations from the vesting of previously awarded deferred stock, also at $99.16.
- Following these transactions, Horgan directly owns 111,701 shares of State Street Corporation common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring compliance with SEC regulations.
- Similar filings are made by executives at companies like JP Morgan Chase, Bank of America, and Citigroup, providing a comparable view of insider transactions in the financial sector.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock movements.
Key Dates
| Date | Description |
|---|---|
| 2022-02-25 | Date of performance award grant as part of 2021 compensation. |
| 2025-02-15 | Date of stock acquisition and disposals related to performance award settlement and tax obligations. |
| 2025-02-19 | Date of signature on the Form 4 filing. |
Keywords
Form 4, State Street Corporation, Kathryn M Horgan, Stock Transactions, Beneficial Ownership, Executive Vice President, Performance Award, Tax Withholding, Deferred Stock
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