Northern Trust (NTRS) executive has shares withheld to pay taxes

Rhea-AI Filing Summary

Northern Trust Co-President of Asset Servicing Clive Bellows reported tax-related share withholdings. On 2026-03-01, 662 and 2,454 shares of common stock at $143.15 per share were withheld to cover federal, state and Medicare taxes on vesting stock units. After these tax-withholding dispositions, he directly owned 31,017 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bellows Clive

Role Co-President Asset Servicing

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	662	$143.15	$95K
Tax Withholding	Common Stock	2,454	$143.15	$351K

Holdings After Transaction: Common Stock — 33,471 shares (Direct)

Footnotes (1)

1. Includes 32,763 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock. Reflects 662 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 1,267 previously reported stock units. The remaining 605 shares were distributed to the reporting person as shares of common stock. Reflects 2,454 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 4,703 previously reported stock units. The remaining 2,249 shares were distributed to the reporting person as shares of common stock. Includes 28,060 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bellows Clive

(Last) (First) (Middle)

50 SOUTH LA SALLE ST

(Street)

CHICAGO IL 60603

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NORTHERN TRUST CORP [ NTRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-President Asset Servicing

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		F		662	D	$143.15	33,471(1)(2)	D
Common Stock	03/01/2026		F		2,454	D	$143.15	31,017(3)(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 32,763 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

2. Reflects 662 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 1,267 previously reported stock units. The remaining 605 shares were distributed to the reporting person as shares of common stock.

3. Reflects 2,454 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 4,703 previously reported stock units. The remaining 2,249 shares were distributed to the reporting person as shares of common stock.

4. Includes 28,060 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

Remarks:

	David A. Serna, Attorney-in-Fact for Clive Bellows	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Northern Trust (NTRS) report for Clive Bellows?

Northern Trust reported that Clive Bellows had shares withheld to pay taxes on vesting stock units. On 2026-03-01, 662 and 2,454 common shares were used for tax-withholding dispositions rather than open-market sales.

How many Northern Trust (NTRS) shares were withheld for Clive Bellows’ taxes?

A total of 3,116 Northern Trust common shares were withheld for tax payments. This included 662 shares tied to 1,267 vesting stock units and 2,454 shares tied to 4,703 vesting stock units, according to the disclosed footnotes.

What price per share was used in Clive Bellows’ Northern Trust (NTRS) tax withholdings?

The tax-withholding dispositions used a price of $143.15 per Northern Trust common share. This price applied to both the 662-share and 2,454-share withholdings associated with the vesting of previously reported stock units.

Did Clive Bellows sell Northern Trust (NTRS) shares on the open market?

The filing describes tax-withholding dispositions, not open-market sales. Shares were withheld to satisfy federal, state and Medicare tax obligations when restricted stock units vested, with remaining shares from those units delivered as common stock.

How many Northern Trust (NTRS) shares does Clive Bellows own after the reported transactions?

After the reported tax-withholding dispositions, Clive Bellows directly owned 31,017 Northern Trust common shares. This figure reflects the balance following the 2,454-share withholding transaction dated 2026-03-01.