---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-137801"
form_type: "8-K"
ticker: "NTRS"
cik: "0000073124"
company_name: "NORTHERN TRUST CORP"
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:42:45.853957+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-137801
- form_type: 8-K
- ticker: NTRS
- cik: 0000073124
- company_name: NORTHERN TRUST CORP
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73124/000119312522137801/0001193125-22-137801-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73124/000119312522137801/d307609d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-137801
- JSON: https://secwatch.observer/filing/0001193125-22-137801.json
- Plain text: https://secwatch.observer/filing/0001193125-22-137801.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73124/000119312522137801/0001193125-22-137801-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.