Form 4: Northern Trust Executive Steven Fradkin Exercises Options and Sells Shares

Steven L. Fradkin, President of Wealth Management at Northern Trust Corp, executed stock options and sold shares on May 1, 2024.

Summary

• On May 1, 2024, Steven L. Fradkin, President of Wealth Management at Northern Trust Corp, exercised employee stock options to acquire 4,097 shares of common stock at a price of $58.25 per share.
• Simultaneously, Fradkin sold 4,097 shares of Northern Trust common stock at $82.56 per share.
• Following these transactions, Fradkin directly owns 46,078 shares and indirectly owns 144,787 shares through a trust, 52,347 shares through a gift trust, 13,725 shares through a 2022 GRAT, 1,762 shares through a trust for his daughter, 1,762 shares through a trust for his son, and 11,932 shares through a 401(k) as of March 31, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Steven Fradkin, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Comparing Fradkin's transactions to those of other executives at similar financial institutions could provide context.
• For example, if executives at JP Morgan Chase or Goldman Sachs are also exercising options and selling shares, it might indicate a broader trend in the financial industry.
• However, without specific data on comparable transactions, it's difficult to draw definitive conclusions.

Stakeholder Impact

• The transactions could have a minor impact on shareholders, as insider selling can sometimes be perceived negatively, although this is a routine transaction.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates