SMITH DAVID BYRON JR 4

What Happened
David Byron Smith Jr., a director of Northern Trust Corporation (NTRS), received 1,340 shares of NTRS common stock on January 30, 2026. The transaction is reported as a gift/distribution (transaction code G) with a reported acquisition price of $0.00. The shares were distributed from a trust in which the reporting person had a partial direct pecuniary interest; the trust distributed 10,720 shares in total and 1,340 of those shares went to Smith.

Key Details

• Transaction date: 2026-01-30; Form 4 filed: 2026-02-02 (timely filing).
• Transaction type/code: Gift / G. Reported price: $0.00.
• Shares involved: 1,340 shares received by Smith (trust distributed 10,720 shares total).
• Shares owned after transaction: Not specified in the provided excerpt.
• Relevant footnotes: F1 (distribution of 10,720 shares; 1,340 to reporting person), F2 (consolidation of prior trusts into a new revocable trust on Dec 11, 2025), F6 (shares held in a trust in which reporting person has partial direct pecuniary interest).
• No cash changed hands; this was not a market purchase or sale.

Context
Gifts or trust distributions are typically administrative/estate-planning actions and do not directly signal the insider’s view of the company’s prospects the way purchases might. This filing documents internal trust movements and ownership changes rather than an open-market trade.