SLARK MARTIN P 4
Research Summary
AI-generated summary
Northern Trust (NTRS) Director Martin Slark Receives Stock Award
What Happened
Martin P. Slark, a director of Northern Trust Corporation (NTRS), was granted 65.17 stock units on 2026-04-01 at an implied price of $141.41 per share, a total value of approximately $9,216. The filing reports this as an award/acquisition (code A).
Key Details
- Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
- Award: 65.17 stock units at $141.41 each; total reported value ~$9,216.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: These are stock units payable automatically on a 1-for-1 basis in shares of the company’s common stock.
- Transaction code: A (grant/award/acquisition). No 10b5-1 plan, tax withholding, or late filing indicated.
Context
This was a compensation-related award to a board member, a common practice for director pay and not the same signal as an open-market purchase. Awards like this increase insider holdings when converted to shares but do not by themselves indicate the insider’s personal buying or selling intent.