Form 4: Northern Trust Executive Vice President Mark Gossett Reports Stock Transaction

Mark Gossett, Executive Vice President of Northern Trust Corp, reports the disposition of 2,092 shares of common stock to cover tax obligations related to vesting stock units on March 1, 2024.

Summary

• On March 1, 2024, Mark C. Gossett, an Executive Vice President at Northern Trust Corporation, reported a transaction involving the company's common stock.
• 2,092 shares were disposed of at a price of $81.9 to cover Federal, State, and Medicare taxes upon the vesting of 4,981 previously reported stock units.
• The remaining 2,889 shares from the vesting were distributed to Gossett as common stock.
• Following the reported transaction, Gossett directly owns 34,707 shares of Northern Trust common stock.
• Gossett also indirectly owns 2,772.43 shares through a 401(k) as of December 31, 2023.
• Additionally, Gossett holds 16,938 stock units payable on a 1-for-1 basis in shares of Northern Trust's common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to an executive's stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. It is a standard practice for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Key Dates