STATE STREET CORP (STT) EVP Mark Shelton reports tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STATE STREET CORP executive Mark Shelton reported a tax-related share disposition. On the transaction date, 2,529 shares of common stock were withheld at $127.97 per share to cover tax obligations tied to vesting of previously awarded deferred stock. After this withholding, his directly held stake was 24,441 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shelton Mark
Role
EVP; Gen Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,529 | $127.97 | $324K |
Holdings After Transaction:
Common Stock — 24,441 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did STATE STREET CORP (STT) report for Mark Shelton?
STATE STREET CORP reported that executive Mark Shelton had 2,529 common shares withheld at $127.97 per share. The transaction was a tax-withholding disposition related to vesting of deferred stock, not an open-market buy or sell order.
Was the STT Mark Shelton Form 4 a tax withholding or an open-market sale?
The Form 4 for STT shows a tax-withholding disposition, not an open-market sale. Shares were withheld to satisfy tax obligations triggered by the vesting of previously awarded deferred stock, according to the transaction code F and accompanying footnote.
What role does Mark Shelton hold at STATE STREET CORP (STT) in this Form 4?
In the Form 4, Mark Shelton is identified as an Executive Vice President, General Counsel and Secretary of STATE STREET CORP. The reported transaction reflects tax-related share withholding connected to vesting of deferred stock granted to him in this executive capacity.