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

Steven L. Fradkin, Vice Chairman of Northern Trust Corp, reports a transaction involving common stock due to tax obligations upon vesting of stock units.

Summary

• Steven L. Fradkin, Vice Chairman of Northern Trust Corp, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• On March 1, 2025, 4,318 shares were disposed of at a price of $110.27 to cover Federal, State, and Medicare taxes upon the vesting of 10,288 previously reported stock units.
• Following the transaction, Fradkin directly owns 49,563 shares of common stock.
• Fradkin also indirectly owns 167,856 shares through a trust, 47,797 shares through a gift trust, 1,762 shares through a spouse as trustee for a son, 1,762 shares through a spouse as trustee for a daughter, and 12,204.69 shares through a 401(k) as of December 31, 2024.
• The report also mentions that 43,593 stock units are payable automatically 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 transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction related to the vesting of stock units and the subsequent tax obligations.

Key Dates