RICHARDS MICHAEL L 4
4 · STATE STREET CORP · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
State Street (STT) EVP Michael L. Richards Sells 3,000 Shares
What Happened
Michael L. Richards, EVP and Chief Administrative Officer of State Street Corporation (STT), sold 3,000 shares on April 22, 2026. The shares were disposed at a weighted-average price of $153.89, for aggregate proceeds of approximately $461,670. This was a sale (not a purchase), which is often routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date: April 22, 2026 (reported on Form 4 filed April 24, 2026).
- Sale details: 3,000 shares disposed; weighted-average price $153.89; prices in the trades ranged from $153.83 to $154.00 (footnote F1).
- Post-transaction holdings: The filing notes a beneficial ownership balance (see footnote F2); the Form 4 lists the post-transaction balance.
- Footnotes: F1 explains the weighted-average price and multiple trade prices; F2 notes the balance includes shares from dividend reinvestment.
- Timeliness: Filing was made April 24, 2026, within the typical two-business-day window for Form 4 reporting.
- Other disclosures: No 10b5-1 plan or 10% owner status is indicated in this filing.
Context: Insider sales can be for many personal or tax reasons and do not, by themselves, indicate management’s view of the company’s prospects. Purchases are generally more informative about insider confidence. This report documents a routine open-market sale by a senior executive.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-04-22$153.89/sh−3,000$461,670→ 43,522 total
- 645(indirect: By domestic partner)
Common Stock
[F2]
Footnotes (2)
- [F1]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.
- [F2]The balance reflects the amount of shares beneficially owned, including shares received due to dividend reinvestment, as of the date of this report.