Bellows Clive 4

What Happened

• Clive Bellows, Co‑President — Asset Servicing at Northern Trust (NTRS), was granted 7,758 stock units (reported as acquisition code A) on 2026-02-05 at $0.00 per share. Separately, 1,044 shares were withheld (code F) to satisfy Federal, State and Medicare tax withholding related to the distribution of previously vested stock units; the withheld shares are reported as disposed at $112.39 each, totaling $117,335. The filing also notes that the award “includes 33,707 stock units payable automatically on a 1‑for‑1 basis” in common stock.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (timely).
• Grant: 7,758 stock units acquired @ $0.00 (award/grant, code A).
• Tax withholding: 1,044 shares withheld @ $112.39 = $117,335 (code F).
• Related distribution: 2,002 previously reported shares were distributed; 1,044 withheld for taxes and 958 shares delivered to the reporting person (per footnote).
• Footnote: filing states it “includes 33,707 stock units payable automatically on a 1‑for‑1 basis” in common stock.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• Code A indicates a grant/award of stock units (not a market purchase). Code F denotes shares withheld to cover tax liabilities on a distribution of vested units — a routine internal action, not an open‑market sale or purchase. No indication of a 10% owner transaction or a 10b5‑1 sale plan in the provided filing.