Michael O'Grady is Chairman and Chief Executive Officer of Northern Trust Corp. (NTRS). The company reported total compensation of $10,059,154 for fiscal year 2025.
| Salary | $1,000,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $6,150,111 |
| Option awards | $0 |
| Non-equity incentive plan | $2,730,000 |
| Pension and non-qualified deferred compensation | $135,667 |
| All other compensation | $43,376 |
| Total | $10,059,154 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Northern Trust Corp. filed March 11, 2026, accession 0000073124-26-000022.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chairman and Chief Executive Officer | $1,000,000 | $0 | $6,150,111 | $0 | $2,730,000 | $135,667 | $43,376 | $10,059,154 |
| FY2023 | Chairman and Chief Executive Officer | $1,000,000 | $0 | $8,500,150 | $0 | $500,000 | $138,719 | $35,891 | $10,174,760 |
Totals as disclosed in each year's own compensation disclosure for Northern Trust Corp..
| Peer-group chief executive median | $16,960,154 |
|---|---|
| Difference from that median | $-6,900,999 |
| Percentile within the disclosed peer group | 8th |
| Peers with a disclosed figure | 12 |
Medians and percentiles are computed across the peer group Northern Trust Corp. discloses in its own compensation disclosure.
| 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 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Northern Trust Corp. compensation brief.
Michael O'Grady's compensation sits inside Northern Trust Corp.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.