Form 4: Northern Trust CFO Acquires 6,355 Shares
Statement of Changes in Beneficial Ownership
Northern Trust Corporation's EVP and Chief Financial Officer, David W. Fox Jr., reported the acquisition of 6,355 shares of common stock.
Summary
- David W. Fox Jr., EVP & Chief Financial Officer of Northern Trust Corp (NTRS), acquired 6,355 shares of common stock.
- The transaction occurred on February 5, 2026, with a reported price of $0 per share, indicating a grant or award.
- Following this transaction, Mr. Fox Jr. directly holds 20,162 stock units, which are payable on a 1-for-1 basis in shares of the Corporation's common stock.
- Additionally, Mr. Fox Jr. indirectly holds 43,586 shares through trusts where he is the trustee and has investment control.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a slightly positive development, as the CFO's increased equity stake, even through a grant, enhances alignment with shareholder interests.
Positives
- The acquisition of 6,355 shares by the Chief Financial Officer, even as a grant, aligns management's interests with shareholders.
Risks
- No specific risks were detailed in this Form 4 filing.
Future Outlook
No specific future outlook or guidance was provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that while this is a compensation-related grant rather than an open market purchase, the acquisition of additional shares by a key executive like the CFO generally signals continued confidence in the company's future performance and aligns executive incentives with shareholder value creation.
Related Party Transactions
- Shares are held indirectly in trusts established for the benefit of the reporting person and his descendants, of which the reporting person is the trustee and has investment control.
Stakeholder Impact
- Shareholders: Potential positive impact due to increased alignment of management's interests with shareholder value.
Next Steps
- No specific future actions, events, or milestones were mentioned in this filing.
Key Dates
| Date | Description |
|---|---|
| 02/05/2026 | Date of earliest transaction (acquisition of 6,355 shares) |
| 02/09/2026 | Signature date of the reporting person's attorney-in-fact |
Keywords
Northern Trust, NTRS, Form 4, insider transaction, beneficial ownership, CFO, stock acquisition, executive compensation
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