Form 4: Northern Trust EVP Susan Cohen Levy Reports Stock Disposal for Tax Obligations

Susan Cohen Levy, EVP and General Counsel of Northern Trust Corp, reported the disposal of 2,748 shares of common stock to cover tax obligations arising from the vesting of stock units.

Summary

• On March 1, 2025, Susan Cohen Levy, EVP and General Counsel of Northern Trust Corp, disposed of 2,748 shares of common stock.
• The shares were disposed of to cover Federal, State, and Medicare taxes upon the vesting of 6,546 previously reported stock units at a price of $110.27 per share.
• Following the transaction, Levy directly owns 28,602 shares of common stock and indirectly owns 25,230 shares through a 2023 GRAT, 55,726 shares through a 2024 GRAT, and 12,137 shares through an Irrevocable Trust.
• The reporting person's spouse is trustee of the Irrevocable Trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax liabilities associated with stock unit vesting, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares by an executive to cover tax obligations.

Key Dates