Northern Trust exec has 622 shares withheld for tax

Northern Trust’s asset management president had shares withheld to cover taxes on vesting equity, with 25,223 common shares now held directly.

Rhea-AI Filing Summary

NORTHERN TRUST CORP (NTRS) reported an insider tax-related share disposition by Michael Hunstad, President of Asset Management. On September 1, 2026, 622 shares of common stock were withheld at $183.86 per share to pay Federal, State and Medicare taxes upon vesting of 1,402 previously reported stock units.

The remaining 780 shares from that vesting were distributed to Hunstad as common stock, and he now holds 25,223 shares directly, plus 18,229 stock units payable on a 1‑for‑1 basis in common shares. No Rule 10b5‑1 trading plan is reported.

Insider Trade Summary

Tax Withholding: 622 shares

Tax Withholding 1 txn

Insider Hunstad Michael

Role President/Asset Management

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	622	$183.86	$114K

Holdings After Transaction: Common Stock — 25,223 shares (Direct)

Footnotes (2)

1. F1. Includes 18,229 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.
2. F2. Reflects 622 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 1,402 previously reported stock units. The remaining 780 shares were distributed to the reporting person as shares of common stock.

Key Figures

Shares withheld for taxes: 622 shares Per-share value for withheld shares: $183.86 per share Stock units vested: 1,402 units +3 more

6 metrics

Shares withheld for taxes 622 shares Withheld on September 1, 2026 for Federal, State and Medicare taxes

Per-share value for withheld shares $183.86 per share Value applied to the 622 shares withheld for tax liability

Stock units vested 1,402 units Previously reported stock units that vested, triggering tax withholding

Shares distributed after vesting 780 shares Shares of common stock distributed to the insider after tax withholding

Direct common shares after transaction 25,223 shares Direct ownership of Northern Trust common stock following the withholding

Stock units outstanding 18,229 units Stock units payable automatically on a 1-for-1 basis in common shares

Key Terms

stock units, 1-for-1 basis, Rule 10b5-1, Payment of tax liability by delivering or withholding securities

4 terms

stock units financial

"Reflects 622 shares withheld in payment of ... upon the vesting of 1,402 previously reported stock units."

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.

1-for-1 basis financial

"Includes 18,229 stock units payable automatically on a 1-for-1 basis in shares"

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this tax-withholding transaction."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Payment of tax liability by delivering or withholding securities financial

"transaction is described as Payment of tax liability by delivering or withholding securities"

FAQ

Who is the insider involved in the latest Form 4 for NTRS?

The Form 4 concerns Michael Hunstad, who serves as President/Asset Management at Northern Trust Corp. He reported a tax-related share disposition connected to the vesting of previously reported stock units.

What transaction did Michael Hunstad report in the NTRS Form 4?

He reported a code F transaction, where 622 shares of Northern Trust common stock were withheld to pay Federal, State and Medicare taxes upon the vesting of 1,402 stock units.

At what price were the NTRS shares withheld in this Form 4?

The 622 shares withheld for tax purposes were valued at $183.86 per share. This withholding was in payment of Federal, State and Medicare taxes related to the vesting of previously reported stock units.

How many NTRS shares did Michael Hunstad receive after tax withholding?

From the vesting of 1,402 stock units, 780 shares of Northern Trust common stock were distributed to Michael Hunstad, after 622 shares were withheld to satisfy tax obligations.

What are Michael Hunstad’s NTRS holdings after this Form 4 transaction?

Following the transaction, Michael Hunstad holds 25,223 shares of Northern Trust common stock directly. He also has 18,229 stock units that are payable automatically on a 1-for-1 basis in common shares.

Was a Rule 10b5-1 trading plan used for this NTRS insider transaction?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and the transaction is described as a payment of tax liability by withholding shares upon vesting, rather than trading under a pre-arranged plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 05:50 PM Accepted by SEC EDGAR 09/03/2026 - 04:40 PM Learn about SEC filing dates

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

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^*

Hunstad Michael

(Last) (First) (Middle)

50 SOUTH LASALLE STREET

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President/Asset Management

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/01/2026		F		622	D	$183.86	25,223(1)(2)	D

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. Includes 18,229 stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

2. Reflects 622 shares withheld in payment of Federal, State and Medicare taxes upon the vesting of 1,402 previously reported stock units. The remaining 780 shares were distributed to the reporting person as shares of common stock.

Remarks:

	Michael Rouvina, Attorney-in-Fact for Michael Hunstad	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)