Form 4: Northern Trust Director David Byron Smith Jr. Reports Stock Unit Distribution

Director David Byron Smith Jr. reports the distribution of vested stock units into an existing trust account.

Summary

• On April 22, 2025, Northern Trust Director David Byron Smith Jr. reported a transaction involving common stock.
• 1,902 shares were acquired as a result of the distribution of already reported and vested stock units granted on April 16, 2024.
• These shares were transferred into the reporting person's previously existing trust account.
• The reporting person also indirectly owns shares through various trusts, including a trust for his benefit and his children, revocable trusts, and trusts for the benefit of his children.
• The total indirect holdings amount to 1,085,445 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the movement of shares into a trust account, which is a common estate planning strategy.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves the transfer of already vested stock units into a trust account.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Northern Trust, Stock Units, Trust, NTRS, David Byron Smith Jr.