secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001193125-22-137801
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000119312522137801/0001193125-22-137801-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000119312522137801/d307609d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-137801

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