Form 4: Northern Trust Controller John Landers Reports Stock Transaction
SEC Form 4 Filing
John Landers, Controller at Northern Trust Corp, reports disposition of 306 common stock shares to cover tax obligations from vesting stock units.
Summary
- On March 1, 2024, John Landers, Controller of Northern Trust Corp, reported a transaction involving the company's common stock.
- 306 shares were disposed of at a price of $81.9 to cover Federal, State, and Medicare taxes related to the vesting of 1,035 previously reported stock units.
- The remaining 729 shares from the vesting were distributed to Landers as common stock.
- Following the transaction, Landers beneficially owns 8,540 shares of common stock, which includes 2,781 stock units payable on a 1-for-1 basis in shares of the Corporation's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment.
Industry Context
This is a routine filing related to stock-based compensation for a company executive. Such filings are common and provide transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: disposition of shares for tax obligations. |
| 03/05/2024 | Date of signature by Attorney-In-Fact. |
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