Form 4: Northern Trust COO Acquires 8,016 Shares in Planned Grant

Northern Trust's Chief Operating Officer, Peter Cherecwich, acquired 8,016 shares of common stock on February 5, 2026, as part of a pre-planned transaction.

Summary

• Peter Cherecwich, Chief Operating Officer of Northern Trust Corp (NTRS), acquired 8,016 shares of common stock.
• The transaction occurred on February 5, 2026, at a price of $0 per share, indicating a grant or award rather than an open market purchase.
• This acquisition was made pursuant to a Rule 10b5-1 pre-arranged trading plan, signaling a scheduled, non-discretionary transaction.
• Following this transaction, Cherecwich directly beneficially owns 31,867 stock units, which are payable on a 1-for-1 basis in shares of the Corporation's common stock.
• Indirect beneficial ownership includes 26,259 shares held by a Trust, 4,397 shares by a 2023 GRAT, and 6 shares by a Spouse's Trust, totaling 30,662 indirect shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine insider acquisition under a pre-planned schedule, which is generally neutral but can be interpreted as a minor positive signal of continued executive alignment with shareholder interests.

Positives

• Chief Operating Officer Peter Cherecwich increased his beneficial ownership in Northern Trust Corp by acquiring 8,016 shares of common stock, aligning executive interests with shareholders.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled, non-discretionary acquisition rather than an opportunistic purchase.

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions, can sometimes signal management's confidence in the company's future prospects. This specific transaction appears to be a pre-scheduled grant under a Rule 10b5-1 plan, which is a common practice for executive compensation and long-term incentive alignment within the financial services industry.

Related Party Transactions

• Peter Cherecwich holds indirect beneficial ownership through a Trust (26,259 shares), a 2023 GRAT (4,397 shares), and a Spouse's Trust (6 shares).

Stakeholder Impact

• Shareholders: Increased alignment of a key executive's interests with shareholders through increased stock ownership.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled acquisition of shares by a key executive, which is a neutral event for investment decisions. It does not provide new fundamental information to warrant a change in investment recommendation.

Keywords

Northern Trust, NTRS, Peter Cherecwich, insider transaction, stock acquisition, Form 4, COO, beneficial ownership, Rule 10b5-1