South Thomas A 4

What Happened

• Thomas A. South, Executive Vice President of Northern Trust (NTRS), received 19,892 shares on 2026-02-17 as an award (code A). To satisfy tax withholding (code F), 8,606 of those shares were surrendered at $147.24 per share, representing $1,267,147 in value. This was an award issuance with shares withheld for taxes — not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-17. Withholding price: $147.24 per share for 8,606 shares (total $1,267,147).
• Awarded shares: 19,892 shares (acquired at $0.00 reported).
• Shares withheld to cover tax liability: 8,606 shares (disposed under code F).
• Footnote: Filing notes inclusion of 50,189 stock units payable automatically on a 1-for-1 basis into common shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-02-19 (timely relative to the 2026-02-17 transaction).

Context

• This appears to be a routine equity award (likely RSUs or similar) that vested/was issued and then had a portion withheld to satisfy tax obligations. That withholding is common and does not indicate an open-market sale or change in investment stance.