Northern Trust CFO sells 20,000 shares via trust
Northern Trust Corp EVP & Chief Financial Officer David W. Fox Jr. reported open-market sales of company common stock through a trust.
Rhea-AI Filing Summary
Northern Trust Corp EVP & Chief Financial Officer David W. Fox Jr. reported open-market sales of company common stock through a trust. On April 28, 2026, a trust for his benefit sold 19,987 shares at $166.16 per share. On April 29, 2026, the same trust sold 13 shares at $165.74 per share, bringing total reported sales to 20,000 shares.
The sold shares are held in trusts established for his benefit and for his descendants, where he serves as trustee with investment control. After these transactions, one such trust holds 18,575 shares, and separate entries show 14,552 shares held directly and additional indirect holdings of 5,000 and 11 shares reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,000 shares
Net Sell
5 txns
Insider
Fox David W Jr
Role
EVP & Chief Financial Officer
Sold
20,000 shs ($3.32M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13 | $165.74 | $2K |
| Sale | Common Stock | 19,987 | $166.16 | $3.32M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,586 shares (Indirect, By Trust);
Common Stock — 14,552 shares (Direct)
Footnotes (3)
- F1. Shares are held in a trust established for the benefit of the reporting person, of which the reporting person is the trustee and has investment control.
- 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 reporting person and his descendants, of which the reporting person is the trustee and has investment control.
Key Figures
Shares sold April 28, 2026: 19,987 shares
Shares sold April 29, 2026: 13 shares
Total shares sold: 20,000 shares
+5 more
8 metrics
Shares sold April 28, 2026
19,987 shares
Open-market sale at $166.16 per share
Shares sold April 29, 2026
13 shares
Open-market sale at $165.74 per share
Total shares sold
20,000 shares
Net-sell shares per transaction summary
Trust holding after April 29 sale
18,575 shares
Indirect ownership by trust after 13-share sale
Directly held shares
14,552 shares
Direct ownership position reported as of April 28, 2026
Additional trust holdings
5,000 shares
Indirect ownership by trust reported as of April 28, 2026
Smaller trust position
11 shares
Indirect ownership by trust reported as of April 28, 2026
Net buy/sell direction
net-sell 20,000 shares
Transaction summary for this Form 4
Key Terms
open-market sale, indirect ownership, stock units, trust, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
""ownership_type": "indirect""
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.
trust financial
"Shares are held in a trust established for the benefit of the reporting person"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
net-sell financial
""netBuySellDirection": "net-sell""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Northern Trust (NTRS) disclose for David W. Fox Jr.?
Northern Trust (NTRS) disclosed that EVP & CFO David W. Fox Jr. reported open-market sales totaling 20,000 common shares through a trust. These sales occurred on April 28 and April 29, 2026, at prices around the mid-$160s per share.
Were the Northern Trust (NTRS) CFO’s transactions direct or through a trust?
The reported sales of 20,000 Northern Trust (NTRS) shares were made indirectly through a trust established for the CFO’s benefit, where he acts as trustee with investment control. The filing separately lists both indirect trust holdings and direct share ownership positions.
What does the Form 4 reveal about the Northern Trust (NTRS) CFO’s ownership structure?
The Form 4 shows that the Northern Trust (NTRS) CFO holds shares both directly and indirectly. Indirect holdings are in trusts for his benefit and his descendants, where he is trustee with investment control, while another line item reports 14,552 shares held directly in his name.
How significant are the reported insider sales for Northern Trust (NTRS)?
The filing reports net sales of 20,000 Northern Trust (NTRS) shares by the CFO through a trust. It also shows substantial remaining direct and indirect holdings, so the transactions reduce but do not eliminate his reported economic exposure to the company’s common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
