Northern Trust authorizes $2.5B stock buyback, replacing prior program

NORTHERN TRUST CORP

• Board approved up to $2.5B in common stock repurchases with no expiration date.
• Replaces prior authorization from October 2021; ~4.8M shares of remaining capacity as of authorization date.
• 572,709 shares repurchased between July 1 and authorization date already counted against new program.
• Repurchases may occur through open market, block trades, or Rule 10b5-1 plans.