Form 4: Northern Trust EVP Susan Cohen Levy Reports Changes in Beneficial Ownership

Susan Cohen Levy, EVP and General Counsel of Northern Trust Corp, reports changes in beneficial ownership of company stock due to tax withholding upon vesting of stock units.

Summary

• On March 1, 2024, Susan Cohen Levy, EVP and General Counsel of Northern Trust Corp, reported changes in her beneficial ownership of the company's common stock.
• 2,642 shares were withheld to cover Federal, State, and Medicare taxes upon the vesting of 6,293 previously reported stock units at a price of $81.9 per share.
• The remaining 3,651 shares from the vesting were distributed to Levy as common stock.
• Following the transaction, Levy directly owns 44,622 shares of common stock.
• Levy also indirectly owns 18,966 shares through a 2022 GRAT, 44,230 shares through a 2023 GRAT, and 2,407 shares through an irrevocable trust where her spouse is the trustee.
• She also owns 17,132 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports transactions related to stock ownership.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal stock management by an executive.

Key Dates