Form 4: Northern Trust Director David Byron Smith Jr. Reports Stock Transfer
SEC Form 4 Filing
Director David Byron Smith Jr. reports the transfer of stock units into a previously existing trust account.
Summary
- On April 16, 2024, David Byron Smith Jr., a director of Northern Trust Corp, reported a transaction on Form 4.
- The transaction involved the transfer of 1,822 common stock units into the reporting person's previously existing trust account.
- These stock units were granted on April 25, 2023, and had already vested.
- The reporting person also has indirect ownership through various trusts.
- These trusts include those where he has a partial direct pecuniary interest, those established for the benefit of his children, and one for the benefit of himself and his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/25/2023 | Date the stock units were granted to the reporting person. |
| 04/16/2024 | Date of the reported transaction: transfer of stock units into a trust account. |
| 04/18/2024 | Date of signature on the Form 4 filing. |
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