Form 4: Northern Trust Director Acquires Shares from Trust Distribution

Northern Trust Corp Director David Byron Smith Jr. acquired 1,520 shares of common stock on July 31, 2025, through a trust distribution.

Summary

• David Byron Smith Jr., a Director of Northern Trust Corp (NTRS), acquired 1,520 shares of the company's common stock.
• The transaction occurred on July 31, 2025, and the shares were acquired at a price of $0, indicating a distribution or gift.
• The shares were distributed from a trust in which the reporting person has a partial direct pecuniary interest.
• Following this transaction, the reporting person's beneficial ownership includes 3,422 direct shares (comprising 1,902 stock units and the 1,520 newly acquired shares).
• The reporting person also holds 1,115,614 indirect shares across various trusts, including 64,584 shares remaining in the trust from which the distribution occurred.
• The total beneficial ownership for David Byron Smith Jr. after this transaction is 1,119,036 shares.

Sentiment

Score: 5

Explanation: Neutral, as it is a standard disclosure of an insider transaction, not indicative of company performance or strategic shifts.

Future Outlook

The filing reports a pre-planned acquisition of shares by a director on July 31, 2025, indicating a future change in beneficial ownership structure.

Industry Context

This is a routine insider transaction disclosure for a financial services company, providing transparency on changes in a director's beneficial ownership of company stock.

Related Party Transactions

• The acquisition of 1,520 shares resulted from a distribution from a trust in which the reporting person has a partial direct pecuniary interest, constituting a related party transaction.

Stakeholder Impact

• Provides transparency to shareholders regarding changes in a director's beneficial ownership of company stock.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Northern Trust Corp, NTRS, Form 4, Insider Transaction, Beneficial Ownership, Stock Acquisition, Trust Distribution, Director