Form 4: Northern Trust COO Peter Cherecwich Sells Shares

Peter Cherecwich, Chief Operating Officer of Northern Trust Corp, sold 16,153 shares of common stock on November 7, 2024.

Summary

• On November 7, 2024, Peter Cherecwich, the Chief Operating Officer of Northern Trust Corp, sold 16,153 shares of the company's common stock.
• The sale was executed at a weighted average price of $105.18 per share, with prices ranging from $104.64 to $105.58.
• Following the transaction, Cherecwich directly owns 4,397 shares and indirectly owns 27,061 shares through a 2023 GRAT, 31,471 shares by trust and 6 shares by spouse's trust.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company insider. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.

Industry Context

Form 4 filings are standard practice and are required by the SEC when company insiders, like the COO in this case, trade their company's stock. These filings are public information and are used to ensure transparency and prevent insider trading.

Stakeholder Impact

• The stock sale by a high-ranking executive could potentially influence investor sentiment, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates