Northern Trust (NTRS) director reports 989-share stock grant and trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northern Trust Corp director David Byron Smith Jr. reported an acquisition of company stock under a compensation award. On April 21, 2026, he received 989 shares of Common Stock as a grant or award at a stated price of $0.00 per share, increasing his directly held shares to 989.
The filing also updates indirect holdings in various trusts for the benefit of Smith and his children, where he serves as co‑trustee and shares investment control or has a partial pecuniary interest. These trust positions include sizable blocks of Northern Trust common stock in addition to his directly held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
SMITH DAVID BYRON JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 989 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 989 shares (Direct, null);
Common Stock — 84,837 shares (Indirect, By Revocable Trust)
Footnotes (1)
- On April 21, 2026, 1,902 already reported and vested stock units, granted on April 22, 2025, were distributed to the reporting person. Shares reported herein reflect the transfer of such shares into the reporting person's previously existing trust account. Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's common stock. 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. 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. These shares are held in a trust of which reporting person has a partial direct pecuniary interest.
Key Figures
Shares granted: 989 shares
Grant price: $0.00 per share
Direct holdings after grant: 989 shares
+4 more
7 metrics
Shares granted
989 shares
Common Stock grant on April 21, 2026
Grant price
$0.00 per share
Award of 989 Common Stock shares
Direct holdings after grant
989 shares
Total directly owned Common Stock following transaction
Trust holdings example
1,002,160 shares
Common Stock held indirectly in a trust after April 21, 2026
Child trust example
2,125 shares
Common Stock held indirectly in a child’s trust after April 21, 2026
Revocable trust example
84,837 shares
Common Stock held indirectly by a revocable trust after April 21, 2026
Distributed stock units
1,902 units
Previously granted and vested units distributed as shares into a trust
Key Terms
stock units, revocable trust, pecuniary interest, co-trustee, +1 more
5 terms
stock units financial
"1,902 already reported and vested stock units, granted on April 22, 2025, were distributed"
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.
revocable trust financial
"Shares are held in a trust established for the benefit of the reporting person and his children"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
pecuniary interest financial
"These shares are held in a trust of which reporting person has a partial direct pecuniary interest"
co-trustee financial
"of which the reporting person is a co-trustee and shares investment control"
Common Stock financial
"Represents stock units payable automatically on a 1-for-1 basis in shares of the Corporation's 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
What insider transaction did David Byron Smith Jr report for NTRS?
David Byron Smith Jr reported receiving 989 shares of Northern Trust common stock as a grant or award. The shares were acquired on April 21, 2026 at a stated price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase.
Is the Northern Trust (NTRS) Form 4 transaction a buy or compensation grant?
The Form 4 shows a compensation-related grant, coded as an award acquisition of 989 common shares. The zero dollar per-share price and “grant, award, or other acquisition” description indicate stock-based compensation, not an open-market purchase or sale by the director.