Form 4: Northern Trust Corp Officer Reports Stock Disposal for Tax Obligations

John Landers, a Controller at Northern Trust Corp, disposed of 315 shares of common stock on March 1, 2025, to cover tax obligations arising from the vesting of stock units.

Summary

• On March 1, 2025, John Landers, a Controller at Northern Trust Corp, disposed of 315 shares of common stock.
• The transaction was executed to cover Federal, State, and Medicare taxes due upon the vesting of 1,066 previously reported stock units.
• The shares were sold at a price of $110.27 per share.
• Following the transaction, Landers beneficially owns 8,079 shares of Northern Trust Corp common stock, which includes 2,469 stock units payable on a 1-for-1 basis.
• The remaining 751 shares from the vesting were distributed to Landers as common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a common transaction (stock disposal for tax purposes). It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for covering tax liabilities associated with stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an officer to cover tax obligations.

Key Dates