Levy Susan Cohen 4

What Happened

• Susan Levy (Levy Susan Cohen), EVP and General Counsel of Northern Trust Corporation (NTRS), was granted/received 16,452 shares on 2026-02-17 (acquisition at $0.00). On the same date, 7,130 shares were disposed at $147.24 per share to satisfy a tax liability, generating proceeds of $1,049,821. The acquisition appears to be an award/stock-unit payout and the disposal was a tax-withholding/sell-to-cover event rather than an open-market investment sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the normal 2-business-day window).
• Award/Acquisition: 16,452 shares @ $0.00.
• Tax withholding/disposition: 7,130 shares @ $147.24; proceeds reported $1,049,821.
• Shares owned after the transaction: not disclosed on this Form 4.
• Footnotes: F1 notes inclusion of 20,277 stock units payable on a 1-for-1 basis in common stock; F2 indicates the reporting person's spouse is trustee of a related trust.
• Transaction codes: A = Award/Acquisition; F = Payment of exercise price or tax liability (sell-to-cover).

Context

• The disposition was to satisfy tax obligations tied to the award (a routine sell-to-cover or share surrender), which is common after stock awards and generally not an indication of a bearish view. The awarded units referenced in the footnote convert to shares on a 1-for-1 basis. Holdings in a trust (spouse as trustee) may mean some shares are held indirectly.