Northern Trust Corp (NTRSO) company profile
Close on Oct 30, 2026Market cap $30.95BP/E 13.2Yield 1.83%
About Northern Trust
State Commercial Banks, SIC 6022
Northern Trust Corporation is a financial services holding company that provides wealth management, asset servicing, asset management, and banking solutions. Through its core operating units, including its Wealth Management and Asset Servicing segments, the organization caters to institutional clients, corporations, financial intermediaries, and affluent individuals. Offerings encompass global custody, fund administration, investment management, fiduciary and trust services, securities lending, treasury management, and commercial and personal lending.
The company operates across multiple domestic and international markets, delivering banking and asset management infrastructure through specialized subsidiaries and network locations. Its principal corporate and executive offices are headquartered in Chicago, Illinois.
Summary of the business section of Northern Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Northern Trust Corp
- Founded
- 1889
- Headquarters
- Chicago, IL
- Address
- 50 S Lasalle St 60603
- Phone
- (312) 630-6000
- Website
- northerntrust.com
- Employees
- 23,800, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Chicago, IL
Stock & identifiers
- Ticker
- NTRSO
- Other tickers
- NTRS
- Exchange
- Nasdaq
- Shares outstanding
- 183M, Jun 30, 2026
- Public float
- $24.10B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Dec 10, 1999; 2-for-1, Dec 10, 1996; 3-for-2, Dec 10, 1992; 2-for-1, May 1, 1990; 3-for-1, May 1, 1986
- SEC CIK
- 73124
- CUSIP
- 665859104
- ISIN
- US6658591044
- LEI
- 549300GLF98S992BC502
- EIN
- 36-2723087
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael O'Grady | Chairman and CEO, Director | 495,452 |
| Michael Hunstad | President/Asset Management | 25,223 |
| Thomas A. South | Executive Vice President | 97,234 |
| Aengus Hallinan | Executive Vice President | 9,461 |
| David W. Fox Jr | EVP & Chief Financial Officer | 33,138 |
| Clive Bellows | Co-President Asset Servicing | 28,217 |
| Guy Gibson | Co-President Asset Servicing | 29,332 |
| Susan Cohen Levy | EVP and General Counsel | 132,816 |
| John Landers | Controller | 7,814 |
| Alexandria Taylor | Chief Administrative Officer | 47,452 |
| Jason J. Tyler | President/Wealth Management | 89,395 |
| Peter Cherecwich | Chief Operating Officer | 73,033 |
| Steven L. Fradkin | Vice Chairman | 249,773 |
| Teresa Parker | President/Asset Servicing | 82,144 |
| Kelley Conway | Executive Vice President | 12,213 |
| Daniel Gamba | President / Asset Management | 61,848 |
| Jane Karpinski | Executive Vice President | 27,998 |
| Mark C. Gossett | Executive Vice President | 42,658 |
| David Byron Smith Jr | Director | 1,079,825 |
| Robert Edward Moritz Jr. | Director | 8,400 |
| Susan Crown | Director | 382,456 |
| Siddharth N. Mehta | Director | 12,488 |
| Charles A. Tribbett | Director | 40,592 |
| Dean M. Harrison | Director | 35,952 |
| Martin P. Slark | Director | 27,166 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $10.06M | $21.64M | $4.35M | $171 | $196 |
| FY2024 | $10.93M | $21.25M | $3.98M | $125 | $148 |
| FY2023 | $10.17M | $11.22M | $5.36M | $99 | $108 |
| FY2022 | $10.82M | $4.02M | $5.67M | $100 | $109 |
| FY2021 | $10.45M | $18.48M | $4.38M | $132 | $138 |
| FY2020 | $9.19M | $4.35M | $3.95M | $91 | $90 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Incentive pay | Total | vs. prior year |
|---|---|---|---|---|
| MICHAEL G. O’GRADY NAMED EXECUTIVE OFFICER | $1.00M | $10.92M | $11.92M | – |
| DAVID W. FOX, JR. NAMED EXECUTIVE OFFICER | $675.00K | $3.83M | $4.50M | – |
| PETER B. CHERECWICH NAMED EXECUTIVE OFFICER | $675.00K | $4.83M | $5.50M | – |
| JASON J. TYLER NAMED EXECUTIVE OFFICER | $675.00K | $4.33M | $5.00M | – |
| THOMAS A. SOUTH NAMED EXECUTIVE OFFICER | $675.00K | $3.55M | $4.23M | – |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“Northern Trust employed approximately 23,800 full-time equivalent employees as of December 31, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 31, 2019 | Delisting | Notice of delisting from exchange (Form 25) |
| Nov 21, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
| Aug 29, 2014 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 29, 1996 | Deregistration | Termination of SEC registration (Form 15) |
| Jul 28, 1994 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 10, 1994 | Merger | Registration of securities for a merger or exchange offer (S-4) |