Form 4: Northern Trust EVP Sells Shares for Tax Obligations

Northern Trust Corp's EVP and General Counsel, Susan Cohen Levy, reported the disposition of 224 common shares to cover tax withholding obligations.

Summary

• Susan Cohen Levy, Executive Vice President and General Counsel of Northern Trust Corp (NTRS), reported a transaction on December 3, 2025.
• The transaction involved the disposition of 224 shares of common stock at a price of $131.32 per share.
• These shares were withheld to satisfy tax withholding obligations related to previously reported stock units.
• Following this transaction, Susan Cohen Levy directly beneficially owns 48,033 shares, which includes 15,583 stock units payable on a 1-for-1 basis in common stock.
• Additionally, she indirectly beneficially owns 38,026 shares through a 2024 GRAT and 35,412 shares through an Irrevocable Trust, where her spouse is the trustee.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment towards the company or its stock.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) disclosing a disposition of shares for tax purposes, which is a common occurrence when executive stock units vest. It does not provide information related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction by an executive for tax purposes, not a sale driven by investment decisions.
• Employees: No direct impact on the broader employee base.

Key Dates

Keywords

Northern Trust Corp, NTRS, Susan Cohen Levy, Insider Transaction, Form 4, Stock Units, Tax Withholding, Beneficial Ownership