Trust tied to Northern Trust (NTRS) COO Cherecwich sells 25,000 shares

Rhea-AI Filing Summary

Northern Trust Corp’s Chief Operating Officer Peter Cherecwich reported an indirect sale of 25,000 shares of common stock on January 26, 2026 by a trust associated with him. The shares were sold at a weighted average price of $149.62 per share, within a range from $149.45 to $149.79.

After this transaction, the trust held 26,259 shares indirectly. Cherecwich also reported 23,851 shares held directly, 4,397 shares held indirectly through a 2023 GRAT, and 6 shares held indirectly through his spouse’s trust, reflecting his overall reported beneficial interest in Northern Trust common stock.

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

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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^*

Cherecwich Peter

(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)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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	01/26/2026		S		25,000	D	$149.62(1)	26,259	I	By Trust
Common Stock								23,851(2)	D
Common Stock								4,397	I	2023 GRAT
Common Stock								6	I	By Spouse's Trust

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. Price reflects the weighted average sales price from $149.45 to $149.79. Information regarding the number of shares sold at each separate price will be provided by the reporting person upon request.

2. Represents 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 Peter Cherecwich	01/27/2026
	** 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 Peter Cherecwich?

Northern Trust reported that a trust associated with COO Peter Cherecwich sold 25,000 shares of common stock. The sale occurred on January 26, 2026 at a weighted average price of $149.62 per share, based on trades between $149.45 and $149.79.

At what price were the Northern Trust (NTRS) shares sold in this Form 4?

The 25,000 Northern Trust shares were sold at a weighted average price of $149.62 per share. Individual trades occurred at prices ranging from $149.45 to $149.79, with detailed breakdowns available from the reporting person upon request.

How many Northern Trust (NTRS) shares does Peter Cherecwich report owning after the sale?

After the reported sale, Cherecwich’s trust held 26,259 shares indirectly. He also reported 23,851 shares held directly, 4,397 shares held indirectly through a 2023 GRAT, and 6 shares held indirectly via his spouse’s trust, showing multiple forms of beneficial ownership.

Was the Northern Trust (NTRS) sale by Peter Cherecwich direct or through an entity?

The 25,000-share Northern Trust sale was reported as an indirect transaction by a trust associated with COO Peter Cherecwich. This means the shares were held and sold by the trust, rather than as directly owned stock in his personal name.

What does the Form 4 say about Northern Trust (NTRS) stock units held by Peter Cherecwich?

The filing notes that certain holdings represent stock units payable on a 1-for-1 basis in Northern Trust common stock. These units are structured so each unit converts into one share of common stock when paid, aligning compensation with shareholder interests.

What role does Peter Cherecwich hold at Northern Trust (NTRS) in this Form 4?

In this Form 4, Peter Cherecwich is identified as an officer of Northern Trust, serving as Chief Operating Officer. His position makes his equity transactions reportable under Section 16 rules, requiring timely disclosure of his beneficial ownership changes.