Form 4: Northern Trust Director Receives Shares in Trust Distribution

Northern Trust Corp. Director David Byron Smith Jr. reported receiving 1,340 shares of common stock from a trust distribution as part of a pre-planned transaction.

Summary

• David Byron Smith Jr., a Director of Northern Trust Corp. (NTRS), reported changes in beneficial ownership.
• On January 30, 2026, Mr. Smith acquired 1,340 shares of common stock at a price of $0, stemming from a distribution from a trust in which he has a partial direct pecuniary interest.
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-planned.
• On December 11, 2025, Mr. Smith dissolved two existing trusts and contributed the securities held by them to a newly established revocable trust without consideration.
• Following these transactions, Mr. Smith beneficially owns a total of 82,935 shares indirectly through a revocable trust.
• Additional indirect holdings include 1,902 stock units, 1,704 shares in a trust for his benefit and children, 2,125 shares each in three separate trusts for his children, and 1,002,160 shares in another trust where he has a partial direct pecuniary interest.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily detailing administrative trust restructuring and a pre-planned distribution of shares to a director, which increases their beneficial ownership.

Positives

• The reporting person acquired 1,340 shares of common stock, increasing their direct beneficial ownership.
• The transaction was part of a pre-planned Rule 10b5-1(c) plan, indicating structured management of equity holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into how company directors and officers manage their personal equity holdings, which can sometimes offer insights into their confidence in the company, though this specific filing primarily details administrative trust restructuring and a pre-planned distribution.

Related Party Transactions

• The distribution of 1,340 shares to the reporting person from a trust in which they have a partial direct pecuniary interest.
• The dissolution of two trusts and contribution of securities to a newly established revocable trust by the reporting person.
• Holdings in trusts established for the benefit of the reporting person and/or their children, where the reporting person is a co-trustee and shares investment control.

Stakeholder Impact

• Shareholders: Provides transparency regarding a director's equity holdings and trust arrangements, but unlikely to have a significant direct impact on company operations or share price.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

Northern Trust Corp, NTRS, Insider Transaction, Form 4, Beneficial Ownership, Director, Trust, Stock Units, Rule 10b5-1