Vice Chairman and CFO of the State Street Corporation Divested 10,000 Shares

The Vice Chairman and CFO of State Street Corporation (NYSE: STT), Eric Aboaf, divested 10,000 shares of the company on November 1, 2023. This action is part of a broader trend for the insider, who has sold a total of 33,785 shares over the past year and made no purchases.

State Street Corporation is a prominent provider of financial services, encompassing investment servicing, investment management, and investment research and trading. With assets under custody and/or administration totaling $38.8 trillion and assets under management amounting to $3.5 trillion as of December 31, 2022, State Street operates globally in over 100 geographic markets.

The recent sale by the insider has garnered attention, especially in light of the absence of insider purchases over the past year. Examining the insider transaction history for State Street Corporation reveals a total of eight insider sales and no insider purchases over the past year.

Eric Aboaf is an experienced financial executive with a substantial background in the banking industry. He has been associated with State Street Corporation since 2015, holding various positions before assuming his current role as Vice Chairman and CFO. In this capacity, he is responsible for supervising the company’s financial operations and strategic initiatives.

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