Form 4: Northern Trust Executive Vice President Sells Shares to Cover Tax Obligations

Mark C. Gossett, an Executive Vice President at Northern Trust Corp, sold 298 shares of common stock to cover tax obligations related to previously reported stock units.

Summary

• Mark C. Gossett, an Executive Vice President at Northern Trust Corp, sold 298 shares of common stock on December 3, 2024.
• The sale was executed at a price of $110.31 per share.
• This transaction was to cover tax withholding obligations related to previously reported stock units.
• Following the transaction, Mr. Gossett directly owns 28,409 shares of Northern Trust common stock.
• He also indirectly owns 2,841.54 shares through a 401(k) plan as of September 30, 2024.
• The direct holdings include 16,640 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. It is a standard regulatory filing.

Industry Context

This is a routine Form 4 filing related to an executive's stock transactions, which is common in the financial services industry. It does not indicate any unusual activity or trend.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this transaction is consistent with typical executive stock sales for tax purposes.
• Other financial institutions will have similar filings when executives sell shares.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

insider trading, stock sale, executive compensation, tax obligations, Northern Trust, NTRS, Form 4