State Street appointed C. Jack Read to serve as Executive Vice President, Global Controller and Chief Accounting Officer on March 27, 2026, effective August 10, 2026, succeeding Elizabeth M. Schaefer.

1. 01

   State Street appointed C. Jack Read to serve as Executive Vice President, Global Controller and Chief Accounting Officer on March 27, 2026, effective August 10, 2026, succeeding Elizabeth M. Schaefer.

2. 02

   The company said Mr. Read, age 57, has served as Managing Director, Global Controller and Chief Accounting Officer of MSCI Inc. since August 2024. From August 2018 to August 2024 he served as Executive Vice President, Controller and Chief Accounting Officer at Citizens Financial Group.

3. 03

   State Street said it will pay Mr. Read an annualized base salary of $450,000 and provide eligibility for discretionary incentive compensation awards under its incentive compensation program, with a target 2026 total incentive compensation award of $2,100,000.

4. 04

   The company said it will provide Mr. Read one-time transition payments in the form of deferred stock of $1,730,000 and cash of $700,000, designed to compensate for the expected forfeiture and recovery of compensation previously granted by MSCI due to his departure and for transition.

Analysis 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.

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.