POWELL CHARLES D 4
4 · NORTHERN TRUST CORP · Filed Apr 23, 2020
Insider Transaction Report
Form 4
POWELL CHARLES D
Other
Transactions
- Exercise/Conversion
Common Stock
2020-04-21+1,146→ 1,146 total - Exercise/Conversion
Stock Units
2020-04-21−1,146→ 0 total→ Common Stock (1,146 underlying) - Award
Stock Units
2020-04-21+1,679→ 1,679 total→ Common Stock (1,679 underlying) - Disposition to Issuer
Common Stock
2020-04-21$74.43/sh−1,146$85,297→ 0 total
Footnotes (3)
- [F1]Each unit is the economic equivalent of one share of the Corporation's common stock and is settled in cash upon vesting.
- [F2]1,146 stock units vested on April 21, 2020 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 2021 Annual Meeting of Stockholders.