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

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

Summary

• On April 3, 2025, Daniel Gamba, President of Asset Management at Northern Trust Corp, reported a transaction involving the disposal of Northern Trust common stock.
• The transaction involved the disposal of 6,061 shares at a price of $92.33 per share.
• These shares were withheld to cover Federal, State, and Medicare taxes upon the vesting of 13,680 previously reported stock units.
• Following the transaction, Gamba beneficially owns 61,848 shares of Northern Trust common stock, which includes 44,977 stock units payable on a 1-for-1 basis in shares of common stock.
• The remaining 7,619 shares from the vesting were distributed to Gamba as shares of common stock.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding 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 transaction reflects standard practice for covering tax liabilities associated with stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not reflect a change in the executive's overall confidence in the company.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Disposal, Daniel Gamba, Northern Trust, NTRS, Asset Management, Tax Obligations, Stock Units, Vesting