Cherecwich Peter 4
Research Summary
AI-generated summary
Northern Trust (NTRS) COO Peter Cherecwich Sells 25,000 Shares
What Happened
- Peter Cherecwich, Chief Operating Officer of Northern Trust Corporation (NTRS), sold 25,000 shares on 2026-01-26 in an open-market/private sale. The weighted average sale price was $149.62, resulting in proceeds of approximately $3,740,500.
Key Details
- Transaction date: 2026-01-26; Filing date: 2026-01-27 (timely filing).
- Shares sold: 25,000; Weighted average price: $149.62; Total proceeds: ~$3,740,500.
- Transaction code: S (sale/disposition).
- Footnote F1: Price reflects a weighted average from $149.45 to $149.79; breakdown by price available on request.
- Footnote F2: Notes that certain holdings are stock units payable 1-for-1 in common shares.
- Shares owned after the transaction: Not specified in the provided filing details.
Context
- This was a sale (disposition) of existing shares. Sales provide less direct indication of management’s forward-looking view than purchases; the filing does not state the reason for the sale. The filing was submitted the next day, so it appears timely under SEC Form 4 rules.