Form 4: Northern Trust Director Jay L. Henderson Reports Stock Unit Distribution and Trust Transfer
SEC Form 4 Filing
Director Jay L. Henderson reports the distribution of stock units and their subsequent transfer into a pre-existing trust account.
Summary
- On April 16, 2024, Jay L. Henderson, a director of Northern Trust Corp, reported the distribution of 1,822 common stock units.
- These stock units, which had already been reported and vested, were initially granted on April 25, 2023.
- The distributed shares were then transferred into Henderson's previously existing trust account.
- Henderson also indirectly owns 14,594 common stocks through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/25/2023 | Date of initial grant of stock units. |
| 04/16/2024 | Date of stock unit distribution and transfer to trust. |
| 04/18/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.