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Northern Trust (NTRS) director adds stock units, reports direct and indirect holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CROWN SUSAN reported acquisition or exercise transactions in this Form 4 filing.

NORTHERN TRUST CORP director Susan Crown reported compensation-related activity in company equity. She received 75.75 Common Stock Units at $175.60 per unit, a grant that increases her deferred stock-based compensation. After this award, she holds 38,759.89 Common Stock Units payable in NTRS shares upon termination of service as a director.

She also reported 18,400 shares of Common Stock held directly. In addition, 339,696 Common Stock shares are held indirectly through various trusts for the benefit of her children, and 4,000 shares are held indirectly through HCNI II LLC, whose members include trusts for the benefit of her and her children.

Positive

  • None.

Negative

  • None.
Insider CROWN SUSAN
Role Director
Type Security Shares Price Value
Grant/Award Common Stock Units 75.75 $175.60 $13K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock Units — 38,759.89 shares (Direct); Common Stock — 18,400 shares (Direct); Common Stock — 4,000 shares (Indirect, See ftn.)
Footnotes (1)
  1. Represents common stock units payable automatically on a one-for-one basis in shares of NTRS stock upon termination of service as a director. Owned by various trusts of which the children of the Reporting Person are the beneficiaries. Owned by a limited liability company, HCNI II LLC, of which trusts for the benefit of the Reporting Person and the children of the Reporting Person are members.
Common Stock Units granted 75.75 units Grant to director at $175.60 per unit on 2026-07-01
Grant price per unit $175.60 per unit Price for Common Stock Units awarded to Susan Crown
Deferred Common Stock Units after grant 38,759.89 units Common Stock Units payable in NTRS shares upon termination as director
Direct common shares 18,400 shares Northern Trust common stock held directly by Susan Crown
Indirect trust-held shares 339,696 shares Common stock owned by various trusts for benefit of her children
Indirect LLC-held shares 4,000 shares Common stock owned by HCNI II LLC with member trusts for her and children
Common Stock Units financial
"Represents common stock units payable automatically on a one-for-one basis in shares of NTRS stock"
A common stock unit is a tradable ownership interest that represents one or more ordinary shares in a company, giving the holder a stake in profits, a claim on assets after creditors, and usually voting rights on corporate matters. For investors it matters because these units determine how much of the company you own, how much influence you have, and how returns or losses are shared—think of owning slices of a pie that can be increased or diluted by the company’s actions.
indirect financial
"Shares are reported as indirect ownership through various trusts and HCNI II LLC"
trusts financial
"Owned by various trusts of which the children of the Reporting Person are the beneficiaries"
A trust is a legal arrangement where one party (the trustee) holds and manages assets—like cash, stocks, property, or a pool of investments—on behalf of others (the beneficiaries). For investors it matters because trusts can package assets into a single, managed vehicle that may offer professional oversight, specific tax or estate benefits, and tradeable shares or units that change how you access, control, and receive income from those assets; think of it as a secure box managed for your financial benefit.
limited liability company financial
"Owned by a limited liability company, HCNI II LLC, of which trusts for the benefit of the Reporting Person and the children of the Reporting Person are members"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
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FAQ

What did Northern Trust (NTRS) director Susan Crown acquire in this Form 4?

Susan Crown received 75.75 Common Stock Units as compensation. These units are valued at $175.60 each and are payable on a one-for-one basis in NTRS shares when her service as a director ends, increasing her deferred stock-based holdings.

How many deferred Common Stock Units does Susan Crown now hold at Northern Trust (NTRS)?

After the latest grant, Susan Crown holds 38,759.89 Common Stock Units. These units represent deferred compensation and will automatically convert into an equal number of NTRS shares upon her termination of service as a director, aligning her interests with long-term shareholder value.

What are Susan Crown’s direct common share holdings in Northern Trust (NTRS)?

Susan Crown directly holds 18,400 shares of Northern Trust common stock. This direct position is separate from her deferred Common Stock Units and from additional indirect holdings through various trusts and an LLC associated with her and her family.

What indirect Northern Trust (NTRS) holdings are reported through trusts for Susan Crown’s family?

There are 339,696 Northern Trust common shares held by various trusts. These trusts benefit the children of Susan Crown, and the shares are reported as indirect holdings associated with her, reflecting significant family-related ownership in the company.

What is HCNI II LLC’s role in Susan Crown’s Northern Trust (NTRS) ownership?

HCNI II LLC holds 4,000 Northern Trust common shares as an indirect position. Trusts for the benefit of Susan Crown and her children are members of this limited liability company, so these shares are reported as indirect ownership linked to her name.
SEC Form 4
FORM 4UNITED 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*
CROWN SUSAN

(Last)(First)(Middle)
50 S LASALLE ST

(Street)
CHICAGO ILLINOIS 60603

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
NORTHERN TRUST CORP [ NTRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock Units07/01/2026A75.75A$175.638,759.89(1)D
Common Stock18,400D
Common Stock4,000ISee ftn.(2)
Common Stock339,696ISee ftn.(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents common stock units payable automatically on a one-for-one basis in shares of NTRS stock upon termination of service as a director.
2. Owned by various trusts of which the children of the Reporting Person are the beneficiaries.
3. Owned by a limited liability company, HCNI II LLC, of which trusts for the benefit of the Reporting Person and the children of the Reporting Person are members.
Remarks:
The Reporting Person disclaims beneficial ownership of the shares described in Footnotes 2 and 3, except to the extent of her beneficial ownership in the trusts and entity that own such shares.
David A. Serna, Attorney-in-Fact for Susan Crown07/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)