State Street insider gifts 1,009 company shares
State Street’s EVP and Chief Admin Officer made a bona fide gift of shares and now reports just over forty-one thousand STT shares held directly and indirectly.
Rhea-AI Filing Summary
STATE STREET CORP (STT) executive Michael L. Richards, EVP and Chief Admin Officer, reported a bona fide gift of 1,009 shares of common stock on September 2, 2026. After this gift, he holds 40,622 shares directly and 648 shares indirectly through a domestic partner, including shares received via dividend reinvestment. No transactions were reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,009 shares gifted
Gift
2 txns
Insider
RICHARDS MICHAEL L
Role
EVP and Chief Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,009 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,622 shares (Direct);
Common Stock — 648 shares (Indirect, By domestic partner)
Footnotes (1)
- F1. 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 gifted: 1,009 shares
Direct holdings after transaction: 40,622 shares
Indirect holdings after transaction: 648 shares
+2 more
5 metrics
Shares gifted
1,009 shares
Bona fide gift of common stock on September 2, 2026
Direct holdings after transaction
40,622 shares
Common stock directly owned by Michael L. Richards after the gift
Indirect holdings after transaction
648 shares
Common stock held indirectly by domestic partner after the transaction
Reported transaction price per share
$0.00 per share
Bona fide gift of 1,009 shares of common stock
Total reported beneficial ownership
41,270 shares
Sum of direct and indirect holdings as of the report date
Key Terms
Bona fide gift, beneficially owned, Rule 10b5-1, domestic partner
4 terms
Bona fide gift financial
"The transaction code indicates a Bona fide gift of common stock"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficially owned financial
"The balance reflects the amount of shares beneficially owned"
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.
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is not marked as affirmative"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
domestic partner other
"Indirect ownership is reported as By domestic partner"
FAQ
What insider transaction did STATE STREET CORP (STT) report for Michael L. Richards?
Michael L. Richards reported a bona fide gift of 1,009 shares of STATE STREET CORP common stock on September 2, 2026, with no sale proceeds, as the transaction price per share was reported as $0.00.
Was the September 2, 2026 STT insider transaction by Michael L. Richards a sale or a purchase?
The September 2, 2026 transaction was a bona fide gift of 1,009 shares of STATE STREET CORP common stock, not a market purchase or sale, and was reported with a per‑share price of $0.00.
Was the STT insider gift by Michael L. Richards made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, indicating that the reported 1,009-share gift was not disclosed as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
