4Filed Aug 17, 8:00 PM ET
State Street (STT) CEO Ronald O'Hanley Sells 2,204 Shares
$STT · STATE STREET CORPResearch Summary
AI-generated summary of this SEC filing
State Street (STT) CEO Ronald O'Hanley Sells 2,204 Shares
What Happened
Ronald P. O'Hanley, Chairman, CEO & President of State Street Corporation, had restricted stock units (RSUs) vest on Aug 14, 2026. The filing shows 2,204 shares were issued on conversion of those derivatives and 2,204 shares were surrendered to the issuer at $183.75 per share for a value of $404,985 (a withholding/disposition to issuer). In the same reporting period he also gifted 10,500 shares (no cash proceeds reported).
Key Details
- Transaction date: August 14, 2026. Filing date: August 18, 2026 (filed timely).
- RSU conversion: 2,204 shares recorded as acquired on conversion/exercise of derivative.
- Withholding/disposition: 2,204 shares disposed to the issuer at $183.75 each = $404,985 (appears to cover tax withholding or similar obligation).
- Gift: 10,500 shares gifted (no proceeds). Footnote indicates gift made by a trust; O'Hanley reports beneficial ownership of trust shares but disclaims ownership except to extent of pecuniary interest (footnote F3).
- Award details: RSUs granted Feb 23, 2024 under the 2017 Stock Incentive Plan; vesting and price determination per filing (footnotes F2, F4).
- Shares owned after the transactions: not specified in this Form 4 filing.
Context
- This was a vesting/conversion of RSUs (derivative conversion), not an open-market sale. The 2,204 shares surrendered to the issuer look like a share-withholding to satisfy tax withholding or similar, not a market sale.
- The 10,500-share gift is a non-sale transfer and does not directly signal buying or selling sentiment.
- The filing is informational and factual; it does not state personal motives for the transfers.