State Street (NYSE: STT) EVP Yie-Hsin Hung has 16,467 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STATE STREET CORP executive Yie-Hsin Hung reported a tax-related share disposition. On the reported date, 16,467 shares of common stock were withheld at a price of $127.97 per share to satisfy tax withholding obligations tied to the vesting of previously awarded deferred stock. After this tax-withholding disposition, Hung directly owned 68,757 shares of State Street common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hung Yie-Hsin
Role
EVP; President and CEO of SSGA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 16,467 | $127.97 | $2.11M |
Holdings After Transaction:
Common Stock — 68,757 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did STT executive Yie-Hsin Hung report on this Form 4?
Yie-Hsin Hung reported a disposition of 16,467 State Street common shares. The shares were withheld to cover tax obligations triggered by the vesting of previously awarded deferred stock, rather than an open-market sale, and relate to her role as EVP and President and CEO of SSGA.
Was the STT Form 4 transaction a sale or tax withholding event?
The transaction was a tax withholding event, not a traditional sale. Shares were withheld to pay tax liabilities associated with vesting deferred stock, as indicated by the Form 4 code F and the accompanying footnote describing tax withholding obligations.
What does transaction code F mean on the STT Form 4 for Yie-Hsin Hung?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, it shows that State Street withheld 16,467 shares from vested deferred stock to satisfy Hung’s tax withholding obligations, rather than her executing an open-market sale.
Is the STT insider transaction considered direct or indirect ownership for Yie-Hsin Hung?
The Form 4 shows the transaction under direct ownership. The direct_or_indirect code is D, and there is no footnote indicating a separate trust or entity, meaning the reported post-transaction holdings of 68,757 shares are directly attributed to Yie-Hsin Hung.