Form 4: Northern Trust Director David Byron Smith Jr. Reports Changes in Beneficial Ownership

Director David Byron Smith Jr. reports changes in beneficial ownership of Northern Trust Corp shares due to a trust distribution.

Summary

• On October 31, 2024, David Byron Smith Jr., a director at Northern Trust Corp, reported changes in his beneficial ownership of the company's common stock.
• A trust in which Smith has a partial direct pecuniary interest distributed 15,920 shares to its beneficiaries, with 1,990 shares going to Smith.
• Smith's directly held common stock increased by 1,822 shares.
• Smith also indirectly owns shares through various trusts, including a revocable trust (15,431 shares), a trust for his benefit and his children (1,704 shares), and trusts for each of his three children (2,125 shares each).
• He also indirectly owns 1,069,200 shares through another trust where he has a partial direct pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting standard reporting of insider transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The reporting person acquired 1,990 shares of Northern Trust common stock from a trust distribution.
• The reporting person directly acquired 1,822 shares of common stock.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.

Key Dates