Northern Trust director reports 1,200-share gift
Northern Trust Corp director David Byron Smith Jr. reported a bona fide gift of 1,200 shares of Northern Trust common stock on April 30, 2026.
Rhea-AI Filing Summary
Northern Trust Corp director David Byron Smith Jr. reported a bona fide gift of 1,200 shares of Northern Trust common stock on April 30, 2026. The transaction was made indirectly through a revocable trust associated with him and is coded as a gift, not a market sale.
After this gift, the revocable trust held 86,037 shares. Other reported indirect holdings include 992,560 shares in a separate trust for him and his children, plus several smaller child-focused trusts and 989 shares held directly. The filing reflects estate and family-trust activity rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,200 shares gifted
Gift
7 txns
Insider
SMITH DAVID BYRON JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,200 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 86,037 shares (Indirect, By Revocable Trust);
Common Stock — 989 shares (Direct);
Common Stock — 994,264 shares (Indirect, By Trust);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 1);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 2);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 3)
Footnotes (5)
- F1. On April 30, 2026, a trust in which the reporting person has a partial direct pecuniary interest distributed 9,600 shares of the Corporation's common stock to such trust's beneficiaries, of which 1,200 shares were distributed to the reporting person.
- F2. Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
- F3. Shares are held in a trust established for the benefit of the reporting person and his children, of which the reporting person is a co-trustee and shares investment control.
- F4. Shares are held in a trust established for the benefit of one of the reporting person's children, of which the reporting person is a co-trustee and shares investment control.
- F5. These shares are held in a trust of which reporting person has a partial direct pecuniary interest.
Key Figures
Gifted shares: 1,200 shares
Revocable trust holdings after gift: 86,037 shares
Large family trust holdings: 992,560 shares
+3 more
6 metrics
Gifted shares
1,200 shares
Bona fide gift of common stock on April 30, 2026
Revocable trust holdings after gift
86,037 shares
Indirect ownership by revocable trust following the 1,200-share gift
Large family trust holdings
992,560 shares
Indirect holdings in trust for benefit of director and his children
Direct holdings
989 shares
Common stock held directly by the director as of April 30, 2026
Child trust holdings
2,125 shares each
Indirect holdings in trusts for each of three children
Additional trust holdings
1,704 shares
Indirect holdings in another trust with partial pecuniary interest
Key Terms
bona fide gift, partial direct pecuniary interest, stock units, co-trustee, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
partial direct pecuniary interest financial
"trust in which the reporting person has a partial direct pecuniary interest distributed 9,600 shares"
stock units financial
"Represents stock units payable automatically on a 1-for-1 basis in shares"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
co-trustee financial
"of which the reporting person is a co-trustee and shares investment control"
revocable trust financial
"nature_of_ownership": "By Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Northern Trust (NTRS) director David Byron Smith Jr. report in this Form 4?
He reported a bona fide gift of 1,200 shares of Northern Trust common stock on April 30, 2026, through a revocable trust. The filing also updates his direct and indirect holdings across several family-related trusts and personal accounts.
Does this Northern Trust (NTRS) Form 4 show any open-market buying or selling?
No open-market purchases or sales are reported. The only transactional entry is a bona fide gift of 1,200 shares, while other line items simply state updated holdings in various trusts and a direct account without specifying buy or sell activity.
What direct holdings of Northern Trust (NTRS) stock does the director report after these transactions?
The filing shows 989 shares of Northern Trust common stock held directly by the director as of April 30, 2026. This direct position is small compared with his much larger reported indirect holdings through trusts established for himself and his children.
How are family trusts used in the Northern Trust (NTRS) director’s holdings?
Multiple trusts hold Northern Trust shares for the director and his children, with the director noted as co-trustee sharing investment control. These structures manage large indirect stakes, including 992,560 shares in one trust and 86,037 shares in a revocable trust after the gift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
