Hunstad Michael 4

What Happened

• Michael Hunstad, President — Asset Management at Northern Trust (NTRS), was granted/received 4,527 shares on February 5, 2026. The transaction is reported as an award/acquisition (code A) at $0.00 per share (total reported cash cost $0).
• This was a company grant/award (not an open-market purchase or sale) that increases Hunstad’s holdings through issuance rather than a paid buy.

Key Details

• Transaction date: 2026-02-05. Filing date (Form 4): 2026-02-09 (timely).
• Transaction type/code: Grant/Award (A).
• Shares involved: 4,527 shares reported as acquired at $0.00 per share.
• Footnote: Filing notes it “includes 28,795 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock” — indicating stock-unit arrangements that convert to common shares.
• No sale or cash exercise reported; no late filing noted.

Context

• Awards/grants reflect company compensation or retention actions; they are not open-market purchases and don’t necessarily signal an insider “buying” stock with personal funds.
• The footnote suggests part of Hunstad’s reported holdings include stock units that will convert 1-for-1 into shares, which affects future share ownership but is different from an outright market purchase.