State Street (NYSE: STT) exec uses 196 shares to cover taxes
Rhea-AI Filing Summary
STATE STREET CORP (STT) executive Michael L. Richards, EVP and Chief Administrative Officer, reported a routine tax-related share disposition. On 2026-08-14, 196 shares of common stock were withheld at $191.74 per share to satisfy tax withholding obligations tied to the vesting of previously awarded deferred stock. Following this, he directly held 41,631 common shares, and indirectly held 648 shares through a domestic partner, with that balance reflecting dividend reinvestment as of the report date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 196 shares
Net Sell
2 txns
Insider
RICHARDS MICHAEL L
Role
EVP and Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 196 | $191.74 | $38K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,631 shares (Direct);
Common Stock — 648 shares (Indirect, By domestic partner)
Footnotes (2)
- F1. These shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded deferred stock.
- F2. The balance reflects the amount of shares beneficially owned, including shares received due to dividend reinvestment, as of the date of this report.
Key Figures
Shares withheld for tax: 196 shares
Tax-withholding price per share: $191.74 per share
Direct holdings after transaction: 41,631 shares
+2 more
5 metrics
Shares withheld for tax
196 shares
Common stock withheld 2026-08-14 to satisfy tax withholding obligations on vesting deferred stock
Tax-withholding price per share
$191.74 per share
Value used for 196 shares withheld on 2026-08-14
Direct holdings after transaction
41,631 shares
Common stock directly beneficially owned by Michael L. Richards after 2026-08-14
Indirect holdings after transaction
648 shares
Common stock indirectly held by domestic partner, including dividend reinvestment, as of report date
Exercise price or tax liability shares
196 shares
Shares used in payment of tax liability per transaction summary
Key Terms
deferred stock, beneficially owned, dividend reinvestment, tax withholding obligations
4 terms
deferred stock financial
"in connection with the vesting of previously awarded deferred stock"
beneficially owned financial
"The balance reflects the amount of shares beneficially owned, including shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dividend reinvestment financial
"including shares received due to dividend reinvestment, as of the date"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
tax withholding obligations financial
"shares were withheld to satisfy tax withholding obligations in connection"
FAQ
What transaction did STT executive Michael L. Richards report on this Form 4?
Michael L. Richards reported that 196 shares of State Street Corp common stock were withheld on 2026-08-14 at $191.74 per share to satisfy tax withholding obligations from vesting of previously awarded deferred stock.
Was the STT Form 4 transaction by Michael L. Richards a market sale or tax withholding?
The Form 4 states the 196 shares were withheld to satisfy tax withholding obligations related to vesting of previously awarded deferred stock, indicating a tax-withholding disposition rather than an open-market sale.
How are Michael L. Richards’ indirect STT holdings characterized in the Form 4?
The Form 4 lists 648 STT shares as held indirectly by Michael L. Richards "By domestic partner," and notes that this balance reflects shares beneficially owned, including those from dividend reinvestment as of the report date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
