Susan C. Levy - 05 Dec 2023 Form 4 Insider Report for NORTHERN TRUST CORP (NTRS)

Role
EVP and General Counsel
Signature
Bradley R. Gabriel, Attorney-in-Fact for Susan C. Levy
Issuer symbol
NTRS
Transactions as of
05 Dec 2023
Net transactions value
-$23,385
Form type
4
Filing time
07 Dec 2023, 18:40:10 UTC
Previous filing
25 Oct 2023
Next filing
22 Feb 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 $23,385 -291 -0.94% $80.36 30,794 05 Dec 2023 Direct F1, F2
holding NTRS Common Stock 18,966 05 Dec 2023 2022 GRAT F3
holding NTRS Common Stock 44,230 05 Dec 2023 2023 GRAT F4
holding NTRS Common Stock 2,407 05 Dec 2023 Irrevocable Trust F3, F4, F5
* 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 Includes 16,064 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
F3 Reflects the June 9, 2023 distribution of 34,500 shares from the reporting person's 2022 grantor retained annuity trust ("GRAT") to the reporting person's existing irrevocable trust as an annuity payment in accordance with the terms of the GRAT instrument.
F4 Reflects the June 12, 2023 transfer of 44,230 shares of the Corporation's common stock into a newly created 2023 GRAT.
F5 The reporting person's spouse is trustee of this trust.