4/A: Northern Trust CEO Amends Stock Ownership Filing
Insider Ownership Amendment
Northern Trust Corp's Chairman and CEO, Michael O'Grady, filed an amended Form 4 to correct previously reported beneficial ownership of common stock.
Summary
- Michael O'Grady, Chairman and CEO of Northern Trust Corp, filed an amended Form 4/A to correct previously reported beneficial ownership of common stock.
- The amendment clarifies that on July 30, 2025, O'Grady's 2023 grantor retained annuity trust (GRAT) distributed 5,415.12 shares of the Corporation's common stock to his existing trust as an annuity payment.
- Following the reported transaction(s), O'Grady indirectly holds 349,068.44 shares of common stock via a trust.
- He also directly owns 63,986 common stock units, which are payable on a 1-for-1 basis in shares of the Corporation's common stock.
- Additionally, O'Grady indirectly holds shares via trusts for three children, with amounts of 6,959.85, 6,958.85, and 6,959.85 shares respectively, where his spouse is the trustee.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing, correcting a previous report on beneficial ownership without indicating any operational or strategic changes for Northern Trust Corp.
Positives
- The filing provides clarity and accuracy regarding the beneficial ownership of common stock by Chairman and CEO Michael O'Grady, ensuring compliance with SEC reporting requirements.
Negatives
- No negative financial or operational information was disclosed in this administrative filing.
Risks
- This administrative filing does not contain information regarding company-specific risks.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that such amendments are routine for ensuring compliance with SEC reporting requirements for insiders, providing transparency regarding changes in beneficial ownership.
Related Party Transactions
- Distribution of 5,415.12 shares from the reporting person's 2023 grantor retained annuity trust (GRAT) to the reporting person's existing trust.
- Beneficial ownership includes shares held indirectly by trusts for the reporting person's children, where the spouse is trustee.
Stakeholder Impact
- Ensures transparency and accuracy in insider ownership reporting for shareholders and regulatory bodies.
Key Dates
| Date | Description |
|---|---|
| 2025-07-30 | Distribution of 5,415.12 shares from the 2023 grantor retained annuity trust (GRAT) to an existing trust, which necessitated this amendment. |
| 2025-12-03 | Date of earliest transaction as reported in the filing header. |
| 2025-12-05 | Date the original Form 4 was filed. |
| 2026-02-02 | Signature date of the amended Form 4/A. |
Recommendation
holdThis filing is an administrative amendment to correct previously reported beneficial ownership and does not contain new information that would alter the investment thesis for Northern Trust Corp. Therefore, a 'hold' recommendation is appropriate as there are no fundamental changes indicated.
Keywords
Northern Trust Corp, NTRS, Michael O'Grady, Form 4/A, Beneficial Ownership, Insider Trading, Common Stock, Trust, CEO, Director
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