Northern Trust (NTRS) director updates indirect trust holdings after share distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northern Trust Corp director David Byron Smith Jr reported changes in his indirect holdings of common stock through several trusts. On January 30, 2026, a trust in which he has a partial direct pecuniary interest distributed 10,720 shares of Northern Trust common stock to its beneficiaries, including 1,340 shares distributed to him at a reported price of $0 per share. After this transaction, 82,935 shares were held indirectly for him by a revocable trust. Additional indirect holdings are reported in multiple family trusts for his benefit and for the benefit of his children, including a trust holding 1,002,160 shares in which he has a partial direct pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,340 shares gifted
Mixed
7 txns
Insider
SMITH DAVID BYRON JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,340 | $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 — 82,935 shares (Indirect, By Revocable Trust);
Common Stock — 1,902 shares (Direct)
Footnotes (1)
- On January 30, 2026, a trust in which the reporting person has a partial direct pecuniary interest distributed 10,720 shares of the Corporation's common stock to such trust's beneficiaries, of which 1,340 shares were distributed to the reporting person. On December 11, 2025, the reporting person dissolved two previously existing and reportable trusts and contributed the securities held by such trusts to this newly established revocable trust. No consideration was paid in connection with these transfers. Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock. 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. 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. These shares are held in a trust of which reporting person has a partial direct pecuniary interest.
FAQ
What insider activity did Northern Trust Corp (NTRS) report for David Byron Smith Jr?
The filing reports changes in David Byron Smith Jr’s indirect holdings of Northern Trust common stock through multiple trusts. A key event was a January 30, 2026 distribution of 10,720 shares from a trust to its beneficiaries, including shares allocated to him.
How are family trusts used in David Byron Smith Jr’s Northern Trust (NTRS) holdings?
Several trusts hold Northern Trust shares for the benefit of David Byron Smith Jr and his children. He is a co-trustee sharing investment control in these trusts, including separate trusts established for individual children and a trust benefiting both him and his children.
Did the Northern Trust (NTRS) filing indicate consideration paid for recent trust transfers?
The footnotes state that on December 11, 2025, securities from two dissolved trusts were contributed into a newly established revocable trust and that no consideration was paid for those transfers. This clarifies that the restructuring was not a purchase or sale transaction.