Form 4: Northern Trust Corp Executive Daniel Gamba Reports Stock Disposal for Tax Obligations

Daniel Gamba, President of Asset Management at Northern Trust Corp, reported disposing of 1,300 shares of common stock to cover tax obligations related to vesting stock units.

Summary

• On March 1, 2025, Daniel Gamba, President of Asset Management at Northern Trust Corp, disposed of 1,300 shares of common stock.
• The shares were disposed of to cover Federal, State, and Medicare taxes upon the vesting of 2,933 previously reported stock units.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, Gamba directly owns 67,909 shares of Northern Trust Corp common stock, which includes 58,657 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
• The price per share for the disposal was $110.27.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the transactions of company insiders. Disposals to cover tax obligations are common when stock units vest.

Key Dates