State Street EVP granted 11,115 shares in award
State Street Corp executive Michael L. Richards reported equity compensation activity involving company common stock.
Rhea-AI Filing Summary
State Street Corp executive Michael L. Richards reported equity compensation activity involving company common stock. On February 13, 2026, he acquired 11,115 shares through the settlement of a performance award granted on February 24, 2023 as part of his 2022 compensation. The award carried a stated price of $0.00 per share, reflecting a stock grant rather than an open-market purchase.
On the same date, a total of 6,353 shares$127.97 per share in two tax-withholding disposition transactions (3,953 shares and 2,400 shares). These shares were withheld to satisfy tax obligations tied to the performance award settlement and the vesting of previously awarded deferred stock, rather than discretionary market sales. Following these transactions, Richards directly beneficially owned 43,055 shares of common stock, and indirectly held 641 shares through a domestic partner.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,115 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,953 | $127.97 | $506K |
| Exercise Price or Tax Liability | Common Stock | 2,400 | $127.97 | $307K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Settlement of a performance award granted on February 24, 2023 as part of 2022 compensation.
- F2. These shares were withheld to satisfy tax withholding obligations in connection with the settlement of a performance award granted on February 24, 2023 as part of 2022 compensation.
- F3. These shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded deferred stock.
- F4. The balance reflects the amount of shares beneficially owned, including shares received due to dividend reinvestment, as of the date of this report.
FAQ
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What did State Street (STT) executive Michael L. Richards report in this Form 4?
Are Michael L. Richards’ State Street (STT) transactions open-market buys or sells?
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