Form 4: Northern Trust Executive Clive Bellows Reports Stock Transaction

Executive Vice President Clive Bellows reports a transaction involving Northern Trust Corporation common stock related to tax obligations from vested stock units.

Summary

• Clive Bellows, an Executive Vice President at Northern Trust Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On February 21, 2025, 1,007 shares of common stock were disposed of to cover Federal, State, and Medicare taxes at a price of $79.71 per share.
• This transaction was related to the distribution of 1,935 previously reported shares resulting from vested stock units.
• After the transaction, Bellows beneficially owns 34,473 shares of Northern Trust common stock, including 27,539 stock units payable on a 1-for-1 basis in shares of common stock.
• The remaining 928 shares from the vested stock units were distributed to Bellows as shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing indicates a standard transaction related to the vesting of stock units and the subsequent payment of taxes.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax obligations.

Key Dates