Form 4: Northern Trust Executive Peter Cherecwich Reports Stock Transactions

Peter Cherecwich, President of Asset Servicing at Northern Trust, reports the withholding of shares for tax obligations and subsequent distribution of stock units.

Summary

• On March 1, 2024, Peter Cherecwich, President of Asset Servicing at Northern Trust, reported transactions involving Northern Trust Corporation (NTRS) common stock.
• 3,939 shares were withheld to cover Federal, State, and Medicare taxes upon the vesting of 9,385 previously reported stock units at a price of $81.9.
• The remaining 5,446 shares from the vested stock units were distributed to Cherecwich and transferred to his existing trust account.
• Following the reported transactions, Cherecwich directly owns 27,061 shares of common stock.
• Cherecwich also indirectly owns 43,471 shares through a trust, 20,550 shares through a 2023 GRAT, and 6 shares through his spouse's trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership reported by a company executive.
• The transactions have no impact on employees, customers, suppliers, or creditors.

Key Dates