Form 4: Northern Trust COO Peter Cherecwich Reports Changes in Beneficial Ownership

Peter Cherecwich, Chief Operating Officer of Northern Trust Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock on February 18, 2025.

Summary

• On February 18, 2025, Peter Cherecwich, the Chief Operating Officer of Northern Trust Corp, reported changes in his beneficial ownership of the company's common stock.
• He acquired 24,946 shares of common stock at $0.
• He disposed of 11,052 shares of common stock at $112.69.
• Following these transactions, his directly held common stock amounted to 34,323 shares.
• He also has indirect ownership through a trust (45,365 shares), a 2023 GRAT (4,397 shares), and his spouse's trust (6 shares).

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates

Keywords

beneficial ownership, Form 4, Northern Trust, NTRS, Cherecwich, COO, stock, securities