Form 4: Northern Trust Executive Vice President Jane Karpinski Reports Stock Transaction

Jane Karpinski, Executive Vice President of Northern Trust Corp, reports the disposition of 1,517 shares of common stock to cover tax obligations upon vesting of stock units.

Summary

• On March 1, 2024, Jane Karpinski, an Executive Vice President at Northern Trust Corp, disposed of 1,517 shares of common stock to cover federal, state, and Medicare taxes.
• This transaction occurred due to the vesting of 3,301 previously reported stock units.
• After the transaction, Karpinski directly owns 23,836 shares of Northern Trust common stock.
• Karpinski also indirectly owns 60 shares through an Employee Share Ownership Plan as of December 31, 2023.
• She also holds 14,701 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 standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial services industry.

Comparison to Industry Standards

• Executive stock transactions are a normal part of compensation in publicly traded companies like Northern Trust.
• Similar transactions are regularly reported by executives at comparable firms such as State Street Corporation (STT) and Bank of New York Mellon (BK).

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.

Key Dates