Form 4: Northern Trust Vice Chairman Steven L. Fradkin Reports Changes in Beneficial Ownership

Steven L. Fradkin, Vice Chairman of Northern Trust Corp, reports acquisition and disposal of common stock, resulting in adjustments to his direct and indirect holdings.

Summary

• On February 18, 2025, Steven L. Fradkin, Vice Chairman of Northern Trust Corp, reported changes in his beneficial ownership of the company's common stock.
• He acquired 24,946 shares of common stock at $0 and disposed of 11,052 shares at $112.69.
• These transactions resulted in a directly held balance of 78,827 shares (including 53,881 stock units) and 53,881 shares after the reported transactions.
• Additionally, 167,856 shares are held indirectly through a trust, 47,797 through a gift trust, 1,762 through a spouse as trustee for a son, 1,762 through a spouse as trustee for a daughter, and 12,204.69 through a 401(k) as of December 31, 2024.
• The report also reflects the transfer of 13,894 shares from direct ownership into the reporting person's existing trust account.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider transactions.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track significant changes in ownership.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Beneficial Ownership, Form 4, Northern Trust Corp, NTRS, Steven L. Fradkin, Stock Transactions, Insider Trading