O'Grady Michael 4

What Happened

• Michael O'Grady, Chairman and CEO of Northern Trust Corporation, was granted 19,437 stock units on February 5, 2026. The filing reports the acquisition as an award at $0.00 per unit (i.e., no cash paid at grant). Footnotes indicate these are stock units that will be payable 1-for-1 in shares of the company's common stock.

Key Details

• Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-09 (timely filed).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 19,437; Price reported: $0.00 (award, not a purchase).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — units payable automatically 1-for-1 in common shares; F2 — reporting person’s spouse is trustee of the referenced trust.
• No indication this was a sale or exercise; it’s a compensation award.

Context

• This transaction is a standard equity award rather than an open-market purchase or sale. Awards are common as part of executive compensation and do not by themselves indicate a buy or sell signal. The units are stock-based compensation that will convert to shares per the footnote, and the filing appears timely under Form 4 rules.