South Thomas A 4

What Happened
Thomas A. South, Executive Vice President of Northern Trust Corp (NTRS), received an award/acquisition of 16,850 shares on Feb 5, 2026 (reported on Form 4 filed Feb 9, 2026). Separately, 1,063 shares were withheld/disposed to cover federal, state and Medicare tax obligations related to the vesting of previously reported stock units; the withholding is reported at $148.88 per share for a total of $158,259. The award shares were recorded at $0.00 per share (typical for vested restricted stock or automatic stock-unit conversions).

Key Details

• Transaction date(s): Feb 5, 2026 (reported Feb 9, 2026).
• Award: 16,850 shares acquired at $0.00 (code A).
• Tax withholding: 1,063 shares disposed at $148.88 each = $158,259 (code F).
• Footnote F1: Notes 50,189 stock units payable 1-for-1 in shares and corrects a prior reporting discrepancy from Dec 5, 2025 (actual amount then was 33,339, not 33,172).
• Footnote F2: Explains 1,063 shares were withheld to satisfy taxes on the vesting of 3,941 stock units; the remaining 2,878 shares from that vesting were distributed to Mr. South.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timing: Form filed Feb 9, 2026 reporting Feb 5 transactions (the filing date is shown on the report).

Context

• Code A = award/grant (shares issued/vested). Code F = shares withheld to pay taxes — a routine, administrative withholding rather than an open-market sale.
• The $0.00 price for the award indicates issuance upon vesting or conversion of stock units rather than a purchase.
• These actions are common for executive compensation vesting and tax withholding; they are informational rather than a direct bullish/bearish signal.