Susan C. Levy - Oct 25, 2024 Form 4 Insider Report for NORTHERN TRUST CORP (NTRS)

Role
EVP and General Counsel
Signature
David A. Serna, Attorney-in-Fact for Susan C. Levy
Stock symbol
NTRS
Transactions as of
Oct 25, 2024
Transactions value $
-$627,699
Form type
4
Date filed
10/29/2024, 07:11 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTRS Common Stock Options Exercise $1.38M +19.6K +114.32% $70.21 36.7K Oct 25, 2024 Direct F1, F2, F3, F4, F5
transaction NTRS Common Stock Sale -$2M -19.6K -53.34% $102.26 17.1K Oct 25, 2024 Direct F1, F2, F3, F4, F5, F6
holding NTRS Common Stock 0 Oct 25, 2024 2022 GRAT F2
holding NTRS Common Stock 25.2K Oct 25, 2024 2023 GRAT F3
holding NTRS Common Stock 55.7K Oct 25, 2024 2024 GRAT F4
holding NTRS Common Stock 12.1K Oct 25, 2024 Irrevocable Trust F5, F7

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 Employee Stock Option (right-to-buy) Options Exercise $0 -19.6K -100% $0.00 0 Oct 25, 2024 Common Stock 19.6K $70.21 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 17,132 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
F2 On June 13, 2024, the reporting person's 2022 grantor retained annuity trust ("GRAT") distributed 18,966 shares of the Corporation's common stock to the reporting person's existing brokerage account as a final annuity payment in accordance with the terms of the GRAT instrument.
F3 On June 13, 2024, the reporting person's 2023 GRAT distributed 19,000 shares of the Corporation's common stock to the reporting person's existing brokerage account as an annuity payment in accordance with the terms of the GRAT instrument.
F4 Reflects the August 12, 2024 transfer of 55,726 shares of the Corporation's common stock into a newly created 2024 GRAT.
F5 Reflects a correction of 9,730 net shares previously reported as being (i) distributed from the reporting person's 2022 GRAT to the reporting person's existing irrevocable trust as an annuity payment on June 9, 2023 (34,500 shares); and (ii) transferred from the reporting person's existing irrevocable trust into a newly created 2023 GRAT on June 12, 2023 (44,230 shares). Each of the foregoing transactions actually occurred from the reporting person's existing brokerage account, not the existing irrevocable trust.
F6 Price reflects the weighted average sales price from $102.25 to $102.40. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.
F7 The reporting person's spouse is trustee of this trust.
F8 This option became exercisable in four equal annual installments beginning on February 17, 2016.