MICHAEL L. RICHARDS - 15 Aug 2023 Form 4 Insider Report for STATE STREET CORP (STT)

Signature
/s/ Shannon C. Stanley, Attorney-in-fact
Issuer symbol
STT
Transactions as of
15 Aug 2023
Net transactions value
-$16,256
Form type
4
Filing time
17 Aug 2023, 18:10:48 UTC
Previous filing
22 May 2023
Next filing
17 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STT Common Stock Tax liability $12,034 -173 -0.53% $69.56 32,705 15 Aug 2023 Direct F1
transaction STT Common Stock Sale $4,222 -61 -0.19% $69.21 32,644 16 Aug 2023 Direct F2
holding STT Common Stock 589 15 Aug 2023 By domestic partner F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were withheld to satisfy tax withholding obligations in connection with the vesting of previously awarded deferred stock.
F2 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2023.
F3 The balance reflects the amount of shares beneficially owned, including shares received due to dividend reinvestment, as of the date of this report.