Michael O'Grady - 05 Dec 2023 Form 4 Insider Report for NORTHERN TRUST CORP (NTRS)

Role
Chairman and CEO, Director
Signature
Bradley R. Gabriel, Attorney-In-Fact for Michael G. O'Grady
Issuer symbol
NTRS
Transactions as of
05 Dec 2023
Transactions value $
-$103,022
Form type
4
Filing time
07 Dec 2023, 18:39:32 UTC
Previous filing
25 Oct 2023
Next filing
26 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTRS Common Stock Tax liability -$103K -1.28K -1.89% $80.36 66.7K 05 Dec 2023 Direct F1, F2
holding NTRS Common Stock 200K 05 Dec 2023 By Trust F3, F4, F5
holding NTRS Common Stock 0 05 Dec 2023 2021 GRAT F3
holding NTRS Common Stock 6.76K 05 Dec 2023 2022 GRAT F4
holding NTRS Common Stock 16.9K 05 Dec 2023 2023 GRAT F5
holding NTRS Common Stock 5.46K 05 Dec 2023 By Trust fbo Child 1 F6
holding NTRS Common Stock 5.46K 05 Dec 2023 By Trust fbo Child 2 F6
holding NTRS Common Stock 5.46K 05 Dec 2023 By Trust fbo Child 3 F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations related to previously reported stock units.
F2 Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
F3 Reflects the May 18, 2023 distribution of 4,745 shares from the reporting person's 2021 Grantor Retained Annuity Trust ("GRAT") to the reporting person's existing trust as an annuity payment in accordance with the terms of the GRAT instrument.
F4 Reflects the May 18, 2023 distribution of 12,121 shares from the reporting person's 2022 GRAT to the reporting person's existing trust as an annuity payment in accordance with the terms of the GRAT instrument.
F5 Reflects the May 18, 2023 transfer of 16,866 shares of the Corporation's common stock into a newly created 2023 GRAT.
F6 The reporting person's spouse is trustee of this trust.