Northern Trust Asset Management President Shundrawn Thomas resigns effective June 1, 2022

NORTHERN TRUST CORP

Shundrawn Thomas, President of Northern Trust Asset Management, steps down on June 1, 2022, to co-found a diverse-owned firm providing debt/equity solutions.
Transition agreement allows vesting of 100% of 2019-2020 RSUs/PSUs, 75% of 2021 grants, 50% of 2022 grants; remainder forfeited.
Thomas agrees to three-year non-solicitation of employees, clients and prospective clients, and availability to CEO through Dec 31, 2022.
CEO Michael O'Grady thanked Thomas for 18 years of service and championing diversity, equity and inclusion.

item 5.02 item 9.01

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Departed

Shundrawn A. Thomas

Executive Vice President and President—Asset Management

NTRS · NORTHERN TRUST CORP

Effective: 2022-06-01
Filed: May 3, 2022, 7:59 PM ET

Shundrawn A. Thomas, Executive Vice President and President—Asset Management, will be resigning from that position effective June 1, 2022 in order to pursue an outside entrepreneurial opportunity.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Shundrawn A. Thomas departed as Executive Vice President and President—Asset Management at NORTHERN TRUST CORP.

Action: resigning
Role: Executive Vice President and President—Asset Management

Exact text from the filing

Shundrawn A. Thomas, Executive Vice President and President—Asset Management, will be resigning from that position effective June 1, 2022 in order to pursue an outside entrepreneurial opportunity.

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NORTHERN TRUST CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-137801

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