Form 4: Northern Trust Corp Executive Peter Cherecwich Reports Sale of Common Stock
SEC Form 4 Filing
Peter Cherecwich, President/Asset Servicing at Northern Trust Corp, reported the sale of 12,000 shares of common stock on May 15, 2024.
Summary
- On May 15, 2024, Peter Cherecwich, President/Asset Servicing at Northern Trust Corp, sold 12,000 shares of common stock at a weighted average price of $87.09.
- Following the transaction, Cherecwich directly owns 27,061 shares and indirectly owns 31,471 shares through a trust, 20,550 shares through a 2023 GRAT, and 6 shares through a spouse's trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by an insider. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Sale of 12,000 shares of common stock. |
| 05/17/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.