Form 4: Northern Trust CEO Michael O'Grady Reports Stock Transaction

Michael O'Grady, Chairman and CEO of Northern Trust Corp, reports the disposition of shares to cover tax obligations upon vesting of stock units.

Summary

• On March 1, 2024, Michael O'Grady, Chairman and CEO of Northern Trust Corp, reported a transaction involving the disposition of 10,673 shares of common stock at a price of $81.9.
• These shares were withheld to cover Federal, State, and Medicare taxes upon the vesting of 25,437 previously reported stock units.
• The remaining 14,764 shares from the vesting were distributed to O'Grady and transferred to his existing trust account.
• Following the reported transaction, O'Grady directly owns 74,956 shares of Northern Trust common stock.
• O'Grady also has indirect ownership through various trusts, including a trust holding 272,328 shares, 2022 GRAT holding 6,755 shares, 2023 GRAT holding 16,866 shares, and trusts for three children each holding 5,459, 5,460 and 5,460 shares respectively.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to executive compensation and tax obligations.

Key Dates