Northern Trust director granted stock unit awards

Northern Trust Corporation director Chandra Dhandapani reported two small equity awards in the form of stock units linked to the company’s common stock.

Rhea-AI Filing Summary

Northern Trust Corporation director Chandra Dhandapani reported two small equity awards in the form of stock units linked to the company’s common stock. On March 31, Dhandapani was granted 250.77 stock units at a reference price of $139.57 per share. On April 1, an additional 19.72 stock units were granted at a reference price of $141.41 per share. According to the footnote, these stock units are automatically payable on a 1‑for‑1 basis in Northern Trust common stock. After these awards, Dhandapani directly holds the equivalent of about 5,658.3 shares of common stock, reflecting routine compensation-related acquisitions rather than open-market buying or selling.

Insider Trade Summary

Grant/Award: 270.49 shares

Grant/Award 2 txns

Insider Dhandapani Chandra

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	19.72	$141.41	$3K
Grant/Award	Common Stock	250.77	$139.57	$35K

Holdings After Transaction: Common Stock — 5,658.3 shares (Direct)

Footnotes (1)

1. F1. Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock.

Key Figures

Stock units granted: 250.77 units Reference price: $139.57 per share Additional stock units granted: 19.72 units +2 more

5 metrics

Stock units granted 250.77 units Grant on March 31, 2026, common stock units

Reference price $139.57 per share For 250.77-unit grant on March 31, 2026

Additional stock units granted 19.72 units Grant on April 1, 2026, common stock units

Reference price $141.41 per share For 19.72-unit grant on April 1, 2026

Shares held after transactions 5,658.3 shares Direct holdings following April 1, 2026 grant

Key Terms

stock units, 1-for-1 basis, grant/award acquisition, Common Stock

4 terms

stock units financial

"Represents stock units payable automatically on a 1-for-1 basis"

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

"payable automatically on a 1-for-1 basis in shares"

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did NTRS director Chandra Dhandapani report?

Director Chandra Dhandapani reported two compensation-related grants of stock units tied to Northern Trust common stock, one on March 31 and one on April 1. These are awards, not open-market purchases or sales, and increase her direct equity-linked holdings modestly.

How many Northern Trust stock units were granted to the NTRS director?

Chandra Dhandapani received 250.77 stock units on March 31 and 19.72 stock units on April 1. Each unit represents a right to receive one share of Northern Trust common stock, according to the disclosure footnote in the Form 4 filing.

At what prices were the Northern Trust stock unit awards valued for the NTRS director?

The reported reference prices were $139.57 per share for the 250.77 stock units granted on March 31 and $141.41 per share for the 19.72 stock units granted on April 1. These reference prices help indicate the compensation value of the awards.

Are the Northern Trust (NTRS) director’s stock unit grants open-market purchases?

No. The filing identifies both transactions with code “A” as grants or awards, meaning they are compensation-related acquisitions rather than open-market purchases. The stock units will be settled in Northern Trust common stock on a 1-for-1 basis when payable.

How many Northern Trust shares does the NTRS director hold after these Form 4 transactions?

After the reported awards, Chandra Dhandapani directly holds the equivalent of about 5,658.3 Northern Trust common shares. This figure reflects her position following the March 31 and April 1 stock unit grants disclosed in the Form 4.

What does the 1-for-1 stock unit provision mean for Northern Trust (NTRS) shareholders?

The 1-for-1 provision means each stock unit granted to the director will be automatically payable as one share of Northern Trust common stock. This structure aligns director compensation with shareholder interests by linking value directly to the company’s share price performance.

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

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Accepted by SEC EDGAR 04/02/2026 - 05:30 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^*

Dhandapani Chandra

(Last) (First) (Middle)

50 SOUTH 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		250.77	A	$139.57	5,638.58(1)	D
Common Stock	04/01/2026		A		19.72	A	$141.41	5,658.3(1)	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. 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 Chandra Dhandapani	04/02/2026
	** 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)