State Street (STT) EVP Michael L. Richards Gifts 1,009 Shares
$STT · STATE STREET CORPResearch Summary
AI-generated summary of this SEC filing
State Street (STT) EVP Michael L. Richards Gifts 1,009 Shares
What Happened
Michael L. Richards, Executive Vice President and Chief Administrative Officer of State Street Corporation (STT), reported a gift of 1,009 shares on September 2, 2026. The transaction is coded as a gift (G) with a reported price of $0.00, so the reported cash value for the disposition is $0. This was a transfer by gift—not a market sale or purchase—and therefore does not necessarily indicate any change in the insider's view of the company.
Key Details
- Transaction date: 2026-09-02 (filed with SEC on 2026-09-04). Filing appears timely (Form 4 is generally due within two business days).
- Transaction type/code: Gift (G). Reported price per share: $0.00. Total reported proceeds/value: $0.
- Shares disposed: 1,009. Shares owned after the transaction: not specified in the transaction data included here; footnote F1 states the reported balance reflects beneficial ownership (including dividend reinvestment) as of the report date.
- Footnote: F1 — balance reflects shares beneficially owned, including dividend reinvestment, as of this report date.
Context
Gifts are non-market transfers and do not necessarily signal bullish or bearish sentiment by the insider; they are often used for personal, tax, or estate planning reasons. For retail investors, purchases by insiders tend to be more informative about confidence in the company than gifts or routine disposals.