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

David Byron Smith Jr., a director at Northern Trust Corp, reported changes in his beneficial ownership of the company's common stock following a trust distribution on April 30, 2024.

Summary

• On April 30, 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 19,200 shares of Northern Trust's common stock to its beneficiaries, with 2,400 shares distributed to Smith himself.
• Following the transaction, Smith directly owns 1,822 shares of common stock and indirectly owns a total of 1,136,691 shares through various trusts.
• These trusts include a trust for the benefit of Smith and his children (15,431 shares), individual trusts for each of his three children (2,125 shares each), and another trust in which Smith has a partial direct pecuniary interest (1,103,120 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't contain information that would significantly sway sentiment positively or negatively.

Positives

• The acquisition of 2,400 shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings but doesn't necessarily reflect a strategic shift for Northern Trust.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, as it reflects an insider's view of the company's value.

Key Dates