Form 4: Northern Trust Vice Chairman Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report 5 December 2025 6:34 PM

Northern Trust Vice Chairman Steven L. Fradkin reported a disposition of 336 shares of common stock to cover tax withholding obligations.

Summary

Steven L. Fradkin, Vice Chairman of Northern Trust Corp. (NTRS), reported a transaction on December 3, 2025.
The transaction involved the disposition of 336 shares of Common Stock at a price of $131.32 per share.
These shares were withheld to satisfy tax withholding obligations related to previously reported stock units.
Following this transaction, Fradkin directly owns 43,257 shares (stock units) and indirectly owns 150,908 shares via a Trust, 39,659 shares via a Gift Trust, 1,762 shares via spouse as trustee for son, 1,762 shares via spouse as trustee for daughter, and 12,425.12 shares in a 401(k) as of September 30, 2025.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine disposition of shares to cover tax obligations, which is common for executives receiving equity compensation and does not reflect a change in sentiment towards the company's prospects.

Future Outlook

Industry Context

This transaction is a routine insider filing related to executive compensation and tax obligations, which is common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

Shareholders: Minor impact as it's a routine tax-related sale, not indicative of a change in investment thesis by the executive.

Key Dates

Date	Description
09-30-2025	Date for 401(k) share count.
12/03/2025	Date of common stock transaction.
12/05/2025	Signature date of the reporting person's attorney-in-fact.

Recommendation

hold

The filing details a routine disposition of shares by an executive to cover tax obligations, which is a common occurrence with equity compensation. It does not provide new information regarding the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the fundamental investment thesis remains unchanged based on this filing.

Keywords

Northern Trust, NTRS, Insider Trading, Form 4, Stock Sale, Tax Withholding, Executive Compensation

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.