CHARLES D. POWELL - 25 Apr 2023 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
25 Apr 2023
Net transactions value
-$108,514
Form type
4
Filing time
27 Apr 2023, 19:38:25 UTC
Previous filing
28 Apr 2022
Next filing
18 Apr 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 Options Exercise +1,343 1,343 25 Apr 2023 Direct F1, F2
transaction NTRS Common Stock Disposed to Issuer $108,514 -1,343 -100% $80.80 0 25 Apr 2023 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 -1,343 -100% 0 25 Apr 2023 Common Stock 1,343 Direct F1, F2
transaction NTRS Stock Units Award $0 +1,855 $0.000000 1,855 25 Apr 2023 Common Stock 1,855 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 1,343 stock units vested on April 25, 2023 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 2024 Annual Meeting of Stockholders.