Tyler Jason J. 4
Research Summary
AI-generated summary
Northern Trust (NTRS) President Tyler Jason J. Receives Award, Sells Shares
What Happened
- Tyler Jason J., President (Wealth Management) of Northern Trust Corp., received a grant/award of 21,537 stock units on 2026-02-17 (acquired at $0.00). To satisfy tax withholding on the award, 9,541 shares were surrendered/disposed at $147.24 each, generating proceeds of $1,404,817. Net new shares from the event = 21,537 − 9,541 = 9,996 shares.
Key Details
- Transaction date: 2026-02-17; Filing date: 2026-02-19 (filed within normal 2-business-day window).
- Award: 21,537 shares acquired at $0.00 (code A).
- Tax withholding / share surrender: 9,541 shares disposed at $147.24 each for $1,404,817 (code F — payment of tax liability).
- Net increase in shares from this event: 9,996 shares.
- Footnote: Filing states it "Includes 28,765 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock."
- Shares owned after the transaction: not specified in the provided data.
Context
- This was a stock award with shares withheld/surrendered to cover taxes — a routine administrative (tax-withholding) action rather than an open-market sale. Such withholding events are common when awards vest and do not necessarily signal the insider’s view of the company.