POWELL CHARLES D 4
4 · NORTHERN TRUST CORP · Filed Apr 27, 2023
Insider Transaction Report
Form 4
POWELL CHARLES D
Other
Transactions
- Exercise/Conversion
Stock Units
2023-04-25−1,343→ 0 total→ Common Stock (1,343 underlying) - Exercise/Conversion
Common Stock
2023-04-25+1,343→ 1,343 total - Disposition to Issuer
Common Stock
2023-04-25$80.80/sh−1,343$108,514→ 0 total - Award
Stock Units
2023-04-25+1,855→ 1,855 total→ Common Stock (1,855 underlying)
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]1,343 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.