Form 4: Northern Trust Executive Vice President Jane Karpinski Reports Stock Disposal for Tax Obligations

Executive Vice President Jane Karpinski of Northern Trust Corp. reports disposing of 1,192 shares of common stock to cover tax obligations resulting from vested stock units.

Summary

• Jane Karpinski, an Executive Vice President at Northern Trust Corp., filed a Form 4 indicating changes in her beneficial ownership of the company's stock.
• On February 21, 2025, she disposed of 1,192 shares of common stock at a price of $113.16 per share to cover Federal, State, and Medicare taxes.
• This disposal was related to the distribution of 2,535 previously reported shares resulting from vested stock units.
• After the transaction, Karpinski directly owns 29,079 shares of Northern Trust common stock.
• She also indirectly owns 87 shares through an Employee Share Ownership Plan as of December 31, 2024.
• The report also notes that Karpinski holds 24,156 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 detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a common practice of executives selling shares to cover tax obligations arising from the vesting of stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates