Northern Trust director gets 1,120-share stock gift
SMITH DAVID BYRON JR reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SMITH DAVID BYRON JR reported acquisition or exercise transactions in this Form 4 filing.
Northern Trust Corp director David Byron Smith Jr reported receiving a bona fide gift of 1,120 shares of common stock on July 31, 2026, from a family trust in which he has a partial direct pecuniary interest. After the distribution, a revocable trust associated with him held 87,157 shares indirectly.
He also reports direct holdings of 989 stock units payable in common shares and additional indirect holdings through several family trusts, including three child trusts holding 2,125 shares each.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,120 shares gifted
Gift
7 txns
Insider
SMITH DAVID BYRON JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 1,120 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F1, F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,157 shares (Indirect, By Revocable Trust);
Common Stock — 989 shares (Direct);
Common Stock — 985,304 shares (Indirect, By Trust);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 1);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 2);
Common Stock — 2,125 shares (Indirect, By Trust fbo Child 3)
Footnotes (5)
- F1. On July 31, 2026, a trust in which the reporting person has a partial direct pecuniary interest distributed 8,960 shares of the Corporation's common stock to such trust's beneficiaries, of which 1,120 shares were distributed to the reporting person.
- 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 the reporting person and his children, of which the reporting person is a co-trustee and shares investment control.
- F4. 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.
- F5. These shares are held in a trust of which reporting person has a partial direct pecuniary interest.
Key Figures
Shares received as gift: 1,120 shares of common stock
Total trust distribution: 8,960 shares of common stock
Revocable trust holdings after transaction: 87157.0000 shares of common stock
+4 more
7 metrics
Shares received as gift
1,120 shares of common stock
Bona fide gift from family trust on July 31, 2026
Total trust distribution
8,960 shares of common stock
Family trust distributed 8,960 shares to beneficiaries, including 1,120 to the reporting person
Revocable trust holdings after transaction
87157.0000 shares of common stock
Indirect holdings "By Revocable Trust" after July 31, 2026 distribution
Direct stock units held
989.0000 stock units
Stock units payable automatically on a 1-for-1 basis in Northern Trust common stock
Child 1 trust holdings
2125.0000 shares of common stock
Indirect holdings "By Trust fbo Child 1" with the reporting person as co-trustee
Child 2 trust holdings
2125.0000 shares of common stock
Indirect holdings "By Trust fbo Child 2" with shared investment control
Child 3 trust holdings
2125.0000 shares of common stock
Indirect holdings "By Trust fbo Child 3" with shared investment control
Key Terms
bona fide gift, partial direct pecuniary interest, stock units, co-trustee
4 terms
bona fide gift financial
"transaction_code_description is "Bona fide gift" for the share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
partial direct pecuniary interest financial
"a trust in which the reporting person has a partial direct pecuniary interest"
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.
co-trustee financial
"of which the reporting person is a co-trustee and shares investment control"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NTRS director David Byron Smith Jr report?
David Byron Smith Jr reported receiving a bona fide gift of 1,120 shares of Northern Trust common stock on July 31, 2026, distributed from a family trust where he has a partial direct pecuniary interest, as disclosed in the Form 4 footnotes.
What direct stock unit holdings in NTRS does David Byron Smith Jr report?
He reports direct ownership of 989.0000 stock units, each payable automatically on a 1-for-1 basis in Northern Trust common shares. These stock units represent deferred equity that will settle in an equivalent number of shares in the future.
What family trust holdings for David Byron Smith Jr’s children are disclosed for NTRS?
Three separate trusts for his children each hold 2125.0000 shares of Northern Trust common stock. Smith is a co-trustee of these trusts and shares investment control, reflecting additional indirect beneficial interests on behalf of his family.
Was the reported NTRS insider transaction under a Rule 10b5-1 plan?
The Form 4 indicates the document-level Rule 10b5-1 checkbox is not marked as affirming a trading plan. The transaction is characterized as a bona fide gift from a family trust rather than a trade executed under a pre-arranged 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
