other material
confidence high
sentiment positive
materiality 0.75
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.