Director David Byron Smith Jr. filed a Form 4 with the SEC on November 2, 2026, disclosing a change in beneficial ownership of Northern Trust Corp common stock resulting from a trust distribution on October 30, 2026.

Key Highlights

  • Transaction date: October 30, 2026, with a trust distributing 9,280 shares of Northern Trust Corp common stock to its beneficiaries.
  • Shares received: Smith acquired 1,160 shares via transaction code G (gift/transfer) at a price of $0, representing his portion of the distribution.
  • Post-transaction indirect holding: Following the transaction, Smith beneficially owns 88,317 shares indirectly through a revocable trust, per the filing.
  • Additional indirect holdings: The filing discloses 974,320 shares held indirectly in a separate trust in which Smith has a partial direct pecuniary interest.
  • Family trusts: Three separate trusts for the benefit of Smith's children each hold 2,125 shares, with Smith serving as co-trustee and sharing investment control.
  • Stock units: Smith also holds 989 stock units payable automatically on a 1-for-1 basis in shares of common stock, held directly.
  • Filed by: David A. Serna, attorney-in-fact for David H. B. Smith, Jr., signed and filed on November 2, 2026.

Director Smith's Trust Distribution and Beneficial Ownership at Northern Trust Corp

According to the Form 4 filed with the SEC, David Byron Smith Jr., a director of Northern Trust Corp (NASDAQ:NTRS), reported a transaction dated October 30, 2026, in which a trust distributed 9,280 shares of the corporation's common stock to its beneficiaries. Of those shares, 1,160 were distributed to Smith. The transaction was coded G, indicating a gift or transfer, and the price per share was listed as $0.

The filing discloses that following the transaction, Smith holds 88,317 shares indirectly through a revocable trust. Separately, 974,320 shares are held indirectly in a trust in which Smith has a partial direct pecuniary interest. The filing also lists 1,704 shares held indirectly in a trust established for the benefit of Smith and his children, of which he is a co-trustee and shares investment control. Three additional trusts, each established for the benefit of one of Smith's children, each hold 2,125 shares, with Smith serving as co-trustee and sharing investment control in each.

Smith's direct beneficial ownership includes 989 stock units, which the filing states are "payable automatically on a 1-for-1 basis in shares of the Corporation's common stock." The Form 4 was signed by David A. Serna as attorney-in-fact for David H. B. Smith, Jr., and filed on November 2, 2026.

What Was Disclosed

Northern Trust Corp director David Byron Smith Jr. disclosed a trust-distribution transaction on October 30, 2026, through which he acquired 1,160 shares at $0. The filing also details multiple indirect beneficial ownership positions across several family and revocable trusts.