Form 4: Northern Trust Vice Chairman Steven L. Fradkin Sells Shares

Northern Trust's Vice Chairman, Steven L. Fradkin, sold 9,100 shares of common stock on November 29, 2024, at an average price of $111.01.

Summary

• Steven L. Fradkin, Vice Chairman of Northern Trust Corp, sold 4,550 shares of common stock at a weighted average price of $111.01 on November 29, 2024.
• An additional 4,550 shares were sold from a trust.
• Following these transactions, Mr. Fradkin directly owns 46,078 shares and indirectly owns 221,221.25 shares through various trusts and a 401(k).
• The indirect holdings include shares held by a trust, a gift trust, shares held by his spouse as trustee for their daughter and son, and shares in a 401(k) plan as of September 30, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock sales by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The volume of shares sold is not unusual for an executive of a company the size of Northern Trust.
• Similar filings are made by executives at other financial institutions such as JP Morgan Chase, Bank of America, and Goldman Sachs.

Stakeholder Impact

• The stock sale by a high-ranking executive may cause some minor concern among shareholders, but is unlikely to have a significant impact.

Key Dates

Keywords

Northern Trust, stock sale, insider trading, Form 4, Steven L. Fradkin, NTRS, equity securities