State Street Management

Management criteria checks 2/4

State Street's CEO is Ron O’Hanley, appointed in Jan 2019, has a tenure of 5.17 years. total yearly compensation is $18.00M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth $27.47M. The average tenure of the management team and the board of directors is 2.4 years and 6 years respectively.

Key information

Ron O’Hanley

Chief executive officer

US$18.0m

Total compensation

CEO salary percentage	5.6%
CEO tenure	5.2yrs
CEO ownership	0.1%
Management average tenure	2.4yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron O’Hanley's remuneration changed compared to State Street's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$18m	US$1m	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$14m	US$1m	US$3b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$9m	US$950k	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$9m	US$800k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$8m	US$800k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$10m	US$800k	US$2b

Compensation vs Market: Ron's total compensation ($USD18.00M) is above average for companies of similar size in the US market ($USD12.10M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Ron O’Hanley (66 yo)

5.2yrs

Tenure

US$18,004,619

Compensation

Mr. Ronald Philip O Hanley, also known as Ron, has been an Independent Director of Unum Group since February 26, 2015. He serves as Chairman at State Street Corporation since January 01, 2020 and serves a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald O’Hanley	CEO, President & Chairman	5.2yrs	US$18.00m	0.13% $ 27.5m
Eric Aboaf	CFO & Vice Chairman	7.1yrs	US$7.88m	0.049% $ 10.7m
Louis Maiuri	Executive Vice President	less than a year	US$8.24m	0.050% $ 10.8m
Mostapha Tahiri	Executive VP & COO	less than a year	no data	0.013% $ 2.8m
Pankaj Vaish	Executive VP & Global Chief Investment Officer and Treasury	less than a year	no data	no data
Ian Appleyard	Executive VP	5.8yrs	no data	0.0057% $ 1.2m
Andrew Zitney	Executive VP & CTO for Global Technology Services	2.4yrs	no data	no data
Brian Franz	Executive VP	4.2yrs	no data	0.026% $ 5.6m
Michael Richards	Executive VP & Chief Administrative Officer	3.9yrs	no data	0.011% $ 2.4m
Ilene Bieler	Executive VP & Global Head of IR	no data	no data	no data
Yvette Clark	Executive VP & Global Chief Compliance Officer	1.4yrs	no data	no data
Mark Shelton	Executive Vice President and General Counsel	less than a year	no data	0.0046% $ 998.1k

2.4yrs

Average Tenure

58yo

Average Age

Experienced Management: STT.PRD's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald O’Hanley	CEO, President & Chairman	5.2yrs	US$18.00m	0.13% $ 27.5m
Gregory Summe	Independent Director	23.2yrs	US$295.02k	0.035% $ 7.6m
Julio Portalatin	Independent Director	3yrs	US$295.02k	0.0029% $ 622.7k
Siloo Mathew	Independent Director	6yrs	US$350.02k	0.0057% $ 1.2m
William Meaney	Independent Director	6yrs	US$360.59k	0.0059% $ 1.3m
Sean O'Sullivan	Independent Director	6.8yrs	US$350.02k	0.0066% $ 1.4m
Patrick de Saint-Aignan	Independent Director	15yrs	US$395.87k	0.012% $ 2.7m
Amelia Fawcett	Independent Lead Director	17.3yrs	US$437.58k	0.018% $ 3.8m
Marie Chandoha	Independent Director	4.5yrs	US$325.59k	0.0046% $ 991.6k
William Freda	Independent Director	9.3yrs	US$395.87k	0.0087% $ 1.9m
DonnaLee DeMaio	Independent Director	2yrs	US$338.83k	0.0020% $ 434.0k
John Rhea	Independent Director	3yrs	US$342.99k	0.0044% $ 963.4k

6.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: STT.PRD's board of directors are considered experienced (6 years average tenure).

State Street Management

Management criteria checks 2/4

Key information

Recent management updates

State Street Corporation, Annual General Meeting, May 15, 2024

State Street Corporation Announces Appointment of Michael Eldridge as Uk Country Head

State Street Announces Appointment of Terri Dempsey as Country Head for Ireland

State Street Corporation Announces Executive Changes

State Street Corporation Announces Executive Changes

-State Street Appoints Arindam Banerrji as Country Head for India

Recent updates

Future Pak, Ltd. submits a proposal to acquire Vanda Pharmaceuticals Inc. (NasdaqGM:VNDA) from The Vanguard Group, Inc., State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), Dimensional Fund Advisors LP and others for approximately $450 million.

State Street Corporation, Annual General Meeting, May 15, 2024

State Street Corporation to Report Q1, 2024 Results on Apr 12, 2024

Healthpeak Properties, Inc. (NYSE:PEAK) completed the acquisition of Physicians Realty Trust (NYSE:DOC) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., State Street Corporation (NYSE:STT) and others.

State Street Corporation Declares First Quarter Dividend on Its Common Stock, Payable on April 11, 2024

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

AbbVie Inc. (NYSE:ABBV) completed the acquisition of ImmunoGen, Inc. (NasdaqGS:IMGN) from Redmile Group, LLC, RA Capital Management, L.P., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc. and others.

State Street Expands Fund Connect ETF APIs to Provide Global Coverage

State Street Corporation (NYSE:STT) acquired CF Global Trading, LLC

State Street Corporation Announces Appointment of Michael Eldridge as Uk Country Head

Realty Income Corporation (NYSE:O) completed the acquisition of Spirit Realty Capital, Inc. (NYSE:SRC) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Cohen & Steers, Inc. (NYSE:CNS), FMR LLC, State Street Corporation (NYSE:STT) and others.

State Street Corporation (NYSE:STT) announces an Equity Buyback for $5,000 million worth of its shares.

State Street Announces Appointment of Terri Dempsey as Country Head for Ireland

State Street Corporation Announces Executive Changes

Kimco Realty Corporation (NYSE:KIM) completed the acquisition of RPT Realty (NYSE:RPT) from a group of shareholders.

State Street Corporation Declares Fourth Quarter Dividend, Payable on January 12, 2024

State Street Corporation to Report Q4, 2023 Results on Jan 19, 2024

PacWest Bancorp (NasdaqGS:PACW) completed the acquisition of Banc of California, Inc. (NYSE:BANC) from a group of shareholders in a reverse merger transaction.

Permian Resources Corporation (NYSE:PR) completed the acquisition of Earthstone Energy, Inc. from EnCap Capital Energy Fund XI, L.P, managed by EnCap Investments L.P. and others.

State Street Corporation Announces Executive Changes

State Street Launches StreetFXSM Solution for T+1 Settlement

Newmont Corporation (NYSE:NEM) completed the acquisition of Newcrest Mining Limited (ASX:NCM) from State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc., Allan Gray Australia Pty Ltd. and others.

-State Street Appoints Arindam Banerrji as Country Head for India

State Street Corporation to Report Q3, 2023 Results on Oct 18, 2023

Global Net Lease, Inc. (NYSE:GNL) completed the acquisition of The Necessity Retail REIT, Inc. (NasdaqGS:RTL) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT) and others.

Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) and funds managed by affiliates of Irenic Capital Management acquired Arconic Corporation (NYSE:ARNC) from a group of shareholders.

State Street Corporation Declares Third-Quarter Dividend on its Common Stock, Payable on October 12, 2023

State Street Corporation Appoints Jessica Donohue as Head of Global Investment Insights, Sustainability and Impact

State Street Corporation Appoints Jessica Donohue as Head of Global Investment Insights, Sustainability and Impact

Baytex Energy Corp. (TSX:BTE) completed the acquisition of Ranger Oil Corporation (NasdaqGS:ROCC) from a group of shareholders.

Baytex Energy Corp. (TSX:BTE) completed the acquisition of Ranger Oil Corporation (NasdaqGS:ROCC) from a group of shareholders.

State Street Corporation to Report Q2, 2023 Results on Jul 14, 2023

State Street Corporation Declares Second-Quarter Cash Dividend, Payable on July 13, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age