RICHARDS MICHAEL L 4
Research Summary
AI-generated summary
State Street (STT) EVP Michael L. Richards Sells 1,500 Shares
What Happened
- Michael L. Richards, Executive Vice President and Chief Administrative Officer of State Street Corporation (STT), reported an open-market sale of 1,500 shares on 2026-06-08. The shares were sold at $162.14 per share for total proceeds of $243,210. This was a sale (transaction code S), which is commonly a routine disposition and not necessarily a signal of company outlook.
Key Details
- Transaction date and price: 2026-06-08 — 1,500 shares sold at $162.14 per share.
- Total value: $243,210.
- Shares owned after transaction: Not specified in the filing; footnote indicates the reported balance reflects shares beneficially owned (including dividend reinvestment) as of the report date.
- Footnote: F1 — balance reflects shares beneficially owned, including shares from dividend reinvestment, as of the report date.
- Filing timeliness: Report filed 2026-06-09 (one day after the transaction), which appears timely under Form 4 reporting requirements.
- Transaction type: Open-market sale (no option exercise, gift, or tax-withholding noted).
Context
- Sales by executives can be routine (e.g., portfolio rebalancing, liquidity needs, or pre-established plans) and do not by themselves indicate management sentiment about the company. There is no indication in this filing of an options exercise, 10b5-1 plan, or other special circumstances.