Form 4: Northern Trust Director David Byron Smith Jr. Reports Share Acquisition and Trust Distributions

Director David Byron Smith Jr. reports acquisition of 2,250 shares and distributions from trusts related to Northern Trust Corp.

Summary

• On July 31, 2024, Northern Trust Corp Director David Byron Smith Jr. reported changes in beneficial ownership.
• Smith acquired 2,250 shares of common stock from a trust distribution.
• The distribution was from a trust in which the reporting person has a partial direct pecuniary interest.
• Smith also indirectly owns shares through various trusts, including revocable trusts and trusts for the benefit of his children.
• The total number of shares beneficially owned following the reported transactions is 55,312 directly and 1,098,232 indirectly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports transactions.

Positives

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

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The report provides transparency to shareholders regarding insider transactions.

Key Dates