State Street Management

Management criteria checks 4/4

State Street's CEO is Ron O’Hanley, appointed in Jan 2019, has a tenure of 5.25 years. total yearly compensation is $13.45M, comprised of 8.5% salary and 91.5% bonuses, including company stock and options. directly owns 0.091% of the company’s shares, worth $19.79M. The average tenure of the management team and the board of directors is 2.3 years and 6.1 years respectively.

Key information

Ron O’Hanley

Chief executive officer

US$13.4m

Total compensation

CEO salary percentage	8.5%
CEO tenure	5.3yrs
CEO ownership	0.09%
Management average tenure	2.3yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

State Street: An Anchor To Hold Onto With Dividend Growth And Capital Strength (Ratings Downgrade)

Dec 22

State Street: Moderate Upside With Deposit Pressures Potentially Near A Peak In Q3

Oct 19

CEO Compensation Analysis

How has Ron O’Hanley's remuneration changed compared to State Street's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$13m	US$1m	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 ($USD13.45M) is about average for companies of similar size in the US market ($USD13.52M).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.

CEO

Ron O’Hanley (66 yo)

5.3yrs

Tenure

US$13,449,164

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	5.3yrs	US$13.45m	0.091% $ 19.8m
Eric Aboaf	CFO & Vice Chairman	7.2yrs	US$7.89m	0.031% $ 6.7m
Wei Chung Bradford Hu	Executive VP & Chief Risk Officer	2.3yrs	US$5.41m	0.0016% $ 358.4k
Yie-Hsin Hung	President & CEO of State Street Global Advisors	1.3yrs	US$13.19m	0.0040% $ 869.9k
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	5.9yrs	no data	0.0057% $ 1.2m
Andrew Zitney	Executive VP & CTO for Global Technology Services	2.5yrs	no data	no data
Brian Franz	Executive VP	4.3yrs	no data	0.026% $ 5.7m
Sarah Timby	Executive VP & Chief Administrative Officer	less than a year	no data	0.0065% $ 1.4m
Ilene Bieler	Executive VP & Global Head of IR	no data	no data	no data
Yvette Clark	Executive VP & Global Chief Compliance Officer	1.5yrs	no data	no data

2.3yrs

Average Tenure

58.5yo

Average Age

Experienced Management: STT's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald O’Hanley	CEO, President & Chairman	5.3yrs	US$13.45m	0.091% $ 19.8m
Gregory Summe	Independent Director	23.3yrs	US$332.44k	0.036% $ 7.8m
Julio Portalatin	Independent Director	3.1yrs	US$355.64k	0.0029% $ 633.8k
Siloo Mathew	Independent Director	6.1yrs	US$350.04k	0.0058% $ 1.3m
William Meaney	Independent Director	6.1yrs	US$360.64k	0.0061% $ 1.3m
Sean O'Sullivan	Independent Director	6.9yrs	US$350.04k	0.0068% $ 1.5m
Patrick de Saint-Aignan	Independent Director	15.1yrs	US$375.94k	0.012% $ 2.7m
Amelia Fawcett	Independent Lead Director	17.3yrs	US$449.80k	0.018% $ 4.0m
Marie Chandoha	Independent Director	4.6yrs	US$379.64k	0.0046% $ 1.0m
William Freda	Independent Director	9.3yrs	US$395.94k	0.0089% $ 1.9m
DonnaLee DeMaio	Independent Director	2.1yrs	US$335.64k	0.0021% $ 450.2k
John Rhea	Independent Director	3.1yrs	US$315.12k	0.0046% $ 998.8k

6.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: STT's board of directors are considered experienced (6.1 years average tenure).

State Street Management

Management criteria checks 4/4

Key information

Recent management updates

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

Insufficient new directors

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

Chairman & CEO exercised options and sold US$620k worth of stock

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.

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Insufficient new directors

Upcoming dividend of US$0.69 per share

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.

Fourth quarter dividend of US$0.69 announced

Full year 2023 earnings: EPS misses analyst expectations

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

Now 22% undervalued

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.

New minor risk - Profit margin trend

Full year 2023 earnings: EPS misses analyst expectations

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

Price target increased by 8.0% to US$82.13

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: An Anchor To Hold Onto With Dividend Growth And Capital Strength (Ratings Downgrade)

Upcoming dividend of US$0.69 per share at 3.6% yield

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.

Chairman & CEO exercised options and sold US$620k worth of stock

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

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

State Street: Moderate Upside With Deposit Pressures Potentially Near A Peak In Q3

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

Upcoming dividend of US$0.69 per share at 4.0% yield

State Street's (NYSE:STT) Dividend Will Be Increased To $0.69

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.

State Street (NYSE:STT) Will Pay A Larger Dividend Than Last Year At $0.69

State Street (NYSE:STT) Is Increasing Its Dividend To $0.69

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.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age