Hu W. Bradford 4
Research Summary
AI-generated summary
State Street EVP Hu W. Bradford Receives Award; Shares Withheld
What Happened
- Hu W. Bradford, Executive Vice President and Chief Risk Officer of State Street (STT), had a performance award settle on 2026-02-13 for 26,676 shares. To satisfy tax withholding/payment obligations, 19,435 of those shares were disposed/withheld at $127.97 per share (12,477 shares = $1,596,682; 6,958 shares = $890,415), totaling about $2,487,097. The remaining shares from the award were retained.
Key Details
- Transaction dates: 2026-02-13 (award settlement and share withholdings).
- Price for withheld/disposed shares: $127.97 per share.
- Awarded shares: 26,676 shares (settlement of a performance award).
- Shares withheld/disposed to cover taxes/obligations: 19,435 shares (combined value ≈ $2.49M).
- Footnotes: F1 — settlement of a performance award originally granted Feb 24, 2023 (part of 2022 compensation); F2/F3 — shares withheld to satisfy tax withholding for the performance award and for vesting of previously awarded deferred stock.
- Shares owned after the transaction: not specified in the provided filing details.
- Filing timeliness: filing dated 2026-02-18 for 2026-02-13 transactions; whether this constitutes a late filing is not indicated in the supplied data.
Context
- This was primarily an award settlement with shares withheld for tax obligations (routine corporate compensation mechanics), not an open-market sale by the insider. Such withholdings are common when restricted or performance-based stock settles and do not necessarily signal a change in insider sentiment.