Form 4: Northern Trust Director Jay L. Henderson Reports Stock Unit Distribution
SEC Form 4 Filing
Director Jay L. Henderson reports the distribution of vested stock units and a transfer of shares into a trust account.
Summary
- On April 22, 2025, Jay L. Henderson, a director at Northern Trust Corp, received 1,902 shares of common stock.
- These shares were distributed from vested stock units granted on April 16, 2024.
- The shares were then transferred into Henderson's existing trust account.
- Henderson directly owns 1,902 shares and indirectly owns 16,416 shares through a trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock unit distribution, 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. This filing indicates standard compensation practices for board members.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a transfer of already vested stock units.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date stock units were granted. |
| 04/22/2025 | Date of stock unit distribution and share transfer. |
| 04/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Director, Stock Units, Northern Trust, NTRS, Henderson
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