State Street (STT) EVP Michael Richards Withholds 196 Shares for Taxes

What Happened

• Michael L. Richards, EVP and Chief Administrative Officer of State Street Corporation (STT), had 196 shares withheld to satisfy tax withholding obligations tied to the vesting of previously awarded deferred stock. The withholding was done at $191.74 per share, for a total value of approximately $37,581. This is a tax-withholding disposition (transaction code F) tied to a vesting event, not an open-market sale driven by a trading decision.

Key Details

• Transaction date: 2026-08-14
• Price per share: $191.74
• Shares withheld/disposed: 196
• Total value of shares withheld: $37,581 (approx.)
• Transaction code: F (tax withholding to satisfy tax obligations on vested deferred stock; footnote F1)
• Shares owned after transaction: not specified in the filing; filing notes the balance reflects shares beneficially owned including dividend reinvestment (footnote F2)
• Filing date: 2026-08-18 — filed within the Form 4 two-business-day deadline

Context

• This was a routine tax-withholding action associated with the vesting of deferred stock awards. Such withholdings are administrative and do not necessarily indicate an insider's view on the company’s stock. Transaction code F indicates shares were retained or surrendered to cover tax liabilities rather than sold on the open market.