Thread regarding Northern Trust Corp. layoffs

CEO sold 145,000 NTRS shares in 2021 for $11.2 million. Leading indicator?

"The boss of Chicago's largest locally headquartered bank cashed out more options in May and December than the number of shares he currently owns."
December 13, 2021

Nice timing lol

| 891 views | | 3 replies (last )
Post ID: @OP+1hiTKYLp

3 replies (most recent on top) says the CEO sold 144,810 shares for $17.1 million at an average price of $118 in 2021.

The Chief Investment Officer also sold 30,255 shares in 2021.,,

Post ID: @1jhx+1hiTKYLp

Insider trading! SEC Rule 10b-5 prohibits insider employees from using confidential corporate information to reap a profit (or avoid a loss) by trading in the Company's stock.

The huge stock sale, and cash comp increase, shows a lack of confidence in NTRS

Post ID: @cjl+1hiTKYLp

"Pay for Northern Trust CEO O'Grady jumps 33%. Direct compensation for Michael O'Grady was $12 million in cash and stock, up from $9 million in 2020—for a year that began with layoffs and surviving workers being asked to tighten their belts."

Pay boost for underperformance?

March 28, 2022

Post ID: @vbt+1hiTKYLp

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