Michael O'Grady compensation by year
Northern Trust Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $606,250 | $800,000 | $900,000 | $937,500 | $950,000 | $950,000 | $987,500 | $1,000,000 | $1,000,000 | $1,000,000 |
| Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock awards | $1,687,561 | $2,362,562 | $4,850,107 | $6,225,141 | $6,825,082 | $6,825,124 | $8,500,158 | $8,500,150 | $7,700,038 | $6,150,111 |
| Option awards | $511,696 | $779,644 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $955,000 | $1,250,000 | $2,075,000 | $2,075,000 | $1,175,000 | $2,500,000 | $1,000,000 | $500,000 | $2,050,000 | $2,730,000 |
| Pension and deferred compensation | $80,023 | $98,968 | $112,894 | $186,150 | $202,180 | $144,932 | $289,639 | $138,719 | $137,067 | $135,667 |
| All other | $24,750 | $30,687 | $33,985 | $35,977 | $37,552 | $29,177 | $39,342 | $35,891 | $42,681 | $43,376 |
| Total | $3,865,280 | $5,321,861 | $7,971,986 | $9,459,768 | $9,189,814 | $10,449,233 | $10,816,639 | $10,174,760 | $10,929,786 | $10,059,154 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Northern Trust Corp. DEF 14A filed March 11, 2026, accession 0000073124-26-000022, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Northern Trust Corp. filed document, accession 0000073124-26-000022. Every figure is read from that document and cited to the page and table it appears in. Filed March 11, 2026.
Equity holdings
unvested awards at FY2022 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 138,136 | $12,223,655 | — |
| RSU | 59,744 | $5,286,747 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Northern Trust Corp.'s FY2022 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
1 Form 4 line since the FY2025 proxy (filed March 11, 2026)current to 2026-11-06 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-11-03 | Tax withholding | — | 787 | $171.78 | 56,110 |
The 1 most recent of 1 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Northern Trust’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Michael O'Grady · this page | Chairman and Chief Executive Officer | $10,059,154 |
| Peter Cherecwich | Chief Operating Officer | $4,782,539 |
| Thomas South | Chief Information Officer | $4,624,352 |
| Jason Tyler | President, Wealth Management | $4,525,504 |
| David Fox | Chief Financial Officer | $3,451,073 |
Board service
Northern Trust board · FY2021–FY2025How this board is paid
Company policy: Northern Trust pays directors a $110,000 cash retainer and $170,000 in RSUs. As stated in Northern Trust's FY2025 proxy.
The full Northern Trust compensation record
free company briefThis page is one person within Northern Trust's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Northern Trust proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Northern Trust's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Northern Trust's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
Order NTRS
Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.