Cherecwich Peter 4

What Happened

• Peter Cherecwich, Chief Operating Officer of Northern Trust Corp (NTRS), received 26,322 stock units on 2026-02-17 that are payable 1-for-1 in common shares (award/grant).
• To satisfy tax withholding related to the award, 11,661 shares were surrendered/disposed at an implicit per-share value of $147.24 for a total withholding of $1,716,966.
• The remaining 14,661 shares from the award were transferred into the reporting person’s existing trust account.

Key Details

• Transaction date: 2026-02-17; Form filed: 2026-02-19.
• Award: 26,322 shares acquired at $0.00 (stock units converting to shares; footnote F1).
• Withholding: 11,661 shares disposed at $147.24 per share, totaling $1,716,966 (tax withholding, code F).
• Transfer: 14,661 shares moved into an existing trust account (footnote F2).
• Shares owned after the transaction: not specified in the filing.
• No 10b5-1 plan or late-filing indication is noted in the report; the Form 4 was filed two days after the transaction (appears timely).

Context

• This was an equity award (likely RSUs or similar) that vested/converted into shares; a portion was withheld to cover tax liabilities — a common, routine administrative action rather than an open‑market sale or purchase signal.
• The withholding (code F) is not a market sale for cash proceeds to the insider but a method to cover tax obligations arising from the award.