Form 4: State Street Executive Vice President Sells Shares to Cover Tax Obligations

Anthony Bisegna, an Executive Vice President at State Street Corporation, sold 1,029 shares of common stock to cover tax obligations related to vesting deferred stock.

Summary

• Anthony Bisegna, an Executive Vice President at State Street Corporation, sold 1,029 shares of common stock on November 15, 2024.
• The sale was executed at a price of $95.48 per share.
• This transaction was to satisfy tax withholding obligations related to the vesting of previously awarded deferred stock.
• Following the transaction, Bisegna directly owns 19,321 shares of State Street Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It is not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock vests.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with stock-based compensation.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any unusual activity compared to other financial institutions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

State Street Corporation, Executive Vice President, stock sale, Form 4, insider trading, tax obligations, deferred stock, STT