Form 4: Northern Trust COO Peter Cherecwich Reports Stock Transactions

Northern Trust's Chief Operating Officer, Peter Cherecwich, reports the disposition of shares to cover tax obligations and a transfer of shares to a trust account.

Summary

• Peter Cherecwich, the Chief Operating Officer of Northern Trust Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 1, 2025, 4,264 shares of common stock were disposed of at a price of $110.27 to cover Federal, State, and Medicare taxes upon the vesting of 10,158 previously reported stock units.
• The remaining 5,894 shares from the vesting were distributed to Cherecwich and transferred to his existing trust account.
• Following these transactions, Cherecwich directly owns 24,165 shares of common stock and indirectly owns 51,259 shares through a trust, 4,397 shares through a 2023 GRAT, and 6 shares through his spouse's trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about changes in the beneficial ownership of a key executive.

Key Dates