Form 4: Northern Trust Director Linda Bynoe Reports Acquisition of Common Stock
SEC Form 4
Director Linda Bynoe reports the acquisition of Northern Trust Corp common stock on October 1, 2024.
Summary
- On October 1, 2024, Linda Bynoe, a director of Northern Trust Corp, acquired 90.94 shares of common stock at a price of $88.72 per share.
- Following the transaction, Bynoe directly owns 32,801.28 shares of Northern Trust Corp common stock, which includes 30,801.28 stock units payable on a 1-for-1 basis in shares of the Corporation's common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it simply reports a transaction. The director's purchase could be interpreted as a positive signal, but without further context, it's difficult to gauge the overall impact.
Industry Context
This filing reflects a director's investment in the company's stock, which can be seen as a sign of confidence in the company's future performance. It is a routine disclosure under Section 16(a) of the Securities Exchange Act of 1934.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment as it reflects a director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Linda Bynoe acquired common stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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