AI English summary of an SEC filing — figures as filed
State Street STTState Street said on November 8, 2024 that its board of directors elected Patricia Halliday as a director.
Key points
AI summaryState Street said on November 8, 2024 that its board of directors elected Patricia Halliday as a director.
The company said there are no arrangements or understandings between Ms. Halliday and any other persons under which she was elected as a director.
The company said Ms. Halliday will receive a pro rata share of the 2024-2025 annual retainer of $100,000 and the $195,000 stock retainer.
The company said the pro-rated stock award will be based on the closing price of its common stock on the New York Stock Exchange on the date of election, and that Ms. Halliday will be entitled to enter into an indemnification agreement with the company on the same forms used by its other non-employee directors.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Patricia Halliday Elected as Director
State Street said on November 8, 2024 that its board of directors elected Patricia Halliday as a director.
Source · Based on the filing body and exhibits
No Arrangements Tied to Election
The company said there are no arrangements or understandings between Ms. Halliday and any other persons under which she was elected as a director.
Source · Based on the filing body and exhibits
Director Pay: Annual and Stock Retainers
The company said Ms. Halliday will receive a pro rata share of the 2024-2025 annual retainer of $100,000 and the $195,000 stock retainer.
Source · Based on the filing body and exhibits
Stock Award Basis and Indemnification Agreement
The company said the pro-rated stock award will be based on the closing price of its common stock on the New York Stock Exchange on the date of election, and that Ms. Halliday will be entitled to enter into an indemnification agreement with the company on the same forms used by its other non-employee directors.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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