State Street (NYSE: STT) EVP Richards sells 3,000 shares, retains over 43,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
State Street Corp EVP and Chief Admin Officer Michael L. Richards reported an open-market sale of 3,000 shares of State Street common stock at a weighted average price of $153.89 per share, with individual sale prices ranging from $153.83 to $154.00.
After this transaction, Richards beneficially owns 43,522 shares directly, a balance that includes shares received through dividend reinvestment as of the report date. He also reports 645 shares held indirectly through a domestic partner.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares ($461,670)
Net Sell
2 txns
Insider
RICHARDS MICHAEL L
Role
EVP and Chief Admin Officer
Sold
3,000 shs ($462K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,000 | $153.89 | $462K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 43,522 shares (Direct, null);
Common Stock — 645 shares (Indirect, By domestic partner)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.83 through $154.00, inclusive. The reporting person undertakes to provide to State Street Corporation, any security holder of State Street Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. 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 sold: 3,000 shares
Weighted average sale price: $153.89 per share
Sale price range: $153.83–$154.00 per share
+2 more
5 metrics
Shares sold
3,000 shares
Open-market sale of common stock
Weighted average sale price
$153.89 per share
Average price for the 3,000 shares sold
Sale price range
$153.83–$154.00 per share
Range of individual trade prices
Direct holdings after sale
43,522 shares
Common stock beneficially owned directly after transaction
Indirect holdings
645 shares
Common stock held indirectly by domestic partner
Key Terms
weighted average price, beneficially owned, dividend reinvestment, open-market sale, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially owned financial
"The balance reflects the amount of shares beneficially owned, including shares received due to dividend reinvestment"
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 of this report."
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By domestic partner""
FAQ
What insider transaction did STATE STREET CORP (STT) report for Michael L. Richards?
STATE STREET CORP reported that EVP and Chief Admin Officer Michael L. Richards sold 3,000 shares of common stock in an open-market transaction at a weighted average price of $153.89 per share, with sale prices ranging from $153.83 to $154.00.
What does the indirect ownership by domestic partner mean in the STT Form 4?
The Form 4 shows that 645 STATE STREET CORP shares are held indirectly by Michael L. Richards through a domestic partner. This indicates beneficial ownership is reported for those shares, even though they are not held in his direct name, reflecting shared economic interest.