Form 4: Northern Trust Corp Executive Peter Cherecwich Reports Stock Transaction

Northern Trust Corp's Chief Operating Officer, Peter Cherecwich, disposed of 475 shares to cover tax obligations, while still holding a significant number of shares directly and indirectly.

Summary

• Peter Cherecwich, Chief Operating Officer of Northern Trust Corp, reported a transaction involving the company's common stock.
• On December 3, 2024, Mr. Cherecwich disposed of 475 shares of common stock at a price of $110.31 per share.
• This disposal was to cover tax withholding obligations related to previously reported stock units.
• Following the transaction, Mr. Cherecwich directly owns 26,586 shares of common stock.
• He also indirectly owns 31,471 shares through a trust, 4,397 shares through a 2023 GRAT, and 6 shares through his spouse's trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Similar filings are made by executives at other financial institutions such as JP Morgan Chase, Bank of America, and Goldman Sachs when they trade company stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Northern Trust Corp, Peter Cherecwich, stock transaction, Form 4, insider trading, executive compensation, share disposal, tax obligations