CHARLES D. POWELL - 26 Apr 2022 Form 4 Insider Report for NORTHERN TRUST CORP (NTRS)

Role: Advisory Director
Signature: Bradley R. Gabriel, Attorney-in-Fact for Charles D. Powell
Issuer symbol: NTRS
Transactions as of: 26 Apr 2022
Net transactions value: -$125,631
Form type: 4
Filing time: 28 Apr 2022, 19:17:34 UTC
Next filing: 27 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTRS	Common Stock	Options Exercise		+1,164			1,164	26 Apr 2022	Direct	F1, F2
transaction	NTRS	Common Stock	Disposed to Issuer	$125,631	-1,164	-100%	$107.93	0	26 Apr 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NTRS	Stock Units	Options Exercise		-1,164	-100%		0	26 Apr 2022	Common Stock	1,164		Direct	F1, F2
transaction	NTRS	Stock Units	Award	$0	+1,343		$0.000000	1,343	26 Apr 2022	Common Stock	1,343		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each unit is the economic equivalent of one share of the Corporation's common stock and is settled in cash upon vesting.
F2	1,164 stock units vested on April 26, 2022 and were paid in cash to the Advisory Director. This form reports such settlement in cash as the deemed conversion of units and immediate disposition of underlying common stock in accordance with SEC guidance.
F3	The stock units will be paid in cash to the Advisory Director upon the date of the Corporation's 2023 Annual Meeting of Stockholders.