Form 4: Northern Trust Executive Daniel Gamba Reports Stock Disposal for Tax Obligations

Daniel Gamba, President of Asset Management at Northern Trust Corp, reported disposing of 6,061 shares of common stock to cover tax obligations upon the vesting of stock units.

Summary

• On April 3, 2024, Daniel Gamba, President of Asset Management at Northern Trust Corp, disposed of 6,061 shares of common stock.
• The shares were disposed of to cover federal, state, and Medicare taxes related to the vesting of 13,680 previously reported stock units.
• The price per share for the disposal was $87.77.
• Following the transaction, Gamba directly owns 60,390 shares, which includes 52,771 stock units payable on a 1-for-1 basis in shares of Northern Trust's common stock.
• The transaction was reported on Form 4, filed with the SEC on April 5, 2024.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no significant positive or negative implications for the company's performance or outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of stock units, which is a common practice among executives.

Key Dates