Form 4: Northern Trust CEO Michael O'Grady Reports Stock Disposal for Tax Obligations

Michael O'Grady, Chairman and CEO of Northern Trust Corp, reported disposing of 11,684 shares of common stock to cover tax obligations arising from the vesting of previously reported stock units.

Summary

• On March 1, 2025, Michael O'Grady, Chairman and CEO of Northern Trust Corp, disposed of 11,684 shares of common stock at a price of $110.27 per share.
• This transaction was to cover Federal, State, and Medicare taxes upon the vesting of 27,846 previously reported stock units.
• After the transaction, O'Grady directly owns 64,756 shares of Northern Trust common stock.
• O'Grady also indirectly owns shares through various trusts, including a trust with 343,653.32 shares, a 2023 GRAT with 9,914.68 shares, and trusts for his children with 5,459 or 5,460 shares each.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral event in the context of the company's overall performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax liabilities associated with stock vesting, which is a common practice among corporate executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares to cover tax obligations.

Key Dates