Charles D. Powell - Apr 25, 2023 Form 4 Insider Report for NORTHERN TRUST CORP (NTRS)

Role
Advisory Director
Signature
Bradley R. Gabriel, Attorney-in-Fact for Charles D. Powell
Stock symbol
NTRS
Transactions as of
Apr 25, 2023
Transactions value $
-$108,514
Form type
4
Date filed
4/27/2023, 07:38 PM
Previous filing
Apr 28, 2022
Next filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTRS Common Stock Options Exercise +1.34K 1.34K Apr 25, 2023 Direct F1, F2
transaction NTRS Common Stock Disposed to Issuer -$109K -1.34K -100% $80.80 0 Apr 25, 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 -1.34K -100% 0 Apr 25, 2023 Common Stock 1.34K Direct F1, F2
transaction NTRS Stock Units Award $0 +1.86K $0.00 1.86K Apr 25, 2023 Common Stock 1.86K 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.