Cherecwich Peter 4

What Happened
Peter Cherecwich, Chief Operating Officer of Northern Trust Corporation, was granted 8,016 stock units on Feb 5, 2026. The Form 4 reports the acquisition as an award (code A) with an acquisition price of $0.00, reflecting a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-05 (Period of Report)
• Filing date (Form 4): 2026-02-09 — filed within the SEC’s two-business-day window (timely).
• Shares/units acquired: 8,016 stock units; reported acquisition price: $0.00 (award).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: F1 — these are stock units payable automatically on a 1-for-1 basis in shares of the common stock (i.e., each unit converts to one share).
• Transaction type: Award/grant (compensation), not a purchase (P) or sale (S).

Context
Awards of stock units are common elements of executive compensation and typically convert to shares at vesting or on a scheduled payout; they are not direct market purchases and should not be interpreted alone as a buy or sell signal. The filing does not list a dollar value for the grant in this excerpt; market value would depend on Northern Trust’s share price at the time of payout or vesting.