Mr. Porter is a new director and first-time nominee, elected by the Board in September 2025. He was first identified by a third-party search firm that was retained to identify potential director candidates. At the request of the Nominating and Corporate Governance Committee, the search firm first discussed with the members of the Committee the priority characteristics, skills and experience of a new director candidate, in light of the preferred individual and Board qualities discussed above. The search firm provided the Committee with a pool of director candidates who were interested in State Street and who met the selection criteria. The Chairman of the Board, independent Lead Director, Chair of the Nominating and Corporate Governance Committee and select other directors conducted interviews. The Board recognized Mr. Porter s deep international banking and institutional client expertise, among other qualities, to enhance the overall effectiveness and composition of the Board. Mr. Porter is deemed independent by the Board under the Corporate Governance Guidelines.