Form 4: Northern Trust Executive Thomas A. South Reports Stock Transaction

Executive Vice President of Northern Trust, Thomas A. South, reports a transaction involving the withholding of 851 shares to cover tax obligations.

Summary

• Thomas A. South, an Executive Vice President at Northern Trust Corp, reported a transaction on December 3, 2024.
• The transaction involved the withholding of 851 shares of common stock at a price of $110.31 per share to cover tax obligations.
• Following the transaction, Mr. South directly owns 48,905 shares of Northern Trust common stock.
• He also indirectly owns 3,848.39 shares through a 401(k) plan as of September 30, 2024.
• The reported direct holdings include 20,107 stock units payable on a 1-for-1 basis in shares of the Corporation's common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative for the company's performance.

Industry Context

This is a routine filing related to insider transactions, which is common for executives of publicly traded companies. It provides transparency into the stock ownership of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transaction is typical for executives who receive stock-based compensation, where shares are often withheld to cover tax liabilities.
• Comparable companies such as State Street and Bank of New York Mellon also have similar filings from their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding.

Key Dates

Keywords

Northern Trust, stock transaction, insider trading, Form 4, executive compensation, share withholding, tax obligations, common stock, 401k, stock units