Peter Cherecwich compensation by year
Northern Trust Summary Compensation Table · all 3 fiscal years held| Component | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Salary | $675,000 | $675,000 | $675,000 |
| Bonus | $0 | $0 | $0 |
| Stock awards | $3,080,055 | $2,677,594 | $2,502,615 |
| Option awards | $0 | $0 | $0 |
| Non-equity incentive | $1,147,500 | $1,072,500 | $1,447,500 |
| Pension and deferred compensation | $174,409 | $120,460 | $131,638 |
| All other | $24,038 | $26,937 | $25,786 |
| Total | $5,101,002 | $4,572,491 | $4,782,539 |
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.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 86,186 | $11,772,146 | — |
| RSU | 23,851 | $3,257,808 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Northern Trust Corp.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Northern Trust’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Michael O'Grady | Chairman and Chief Executive Officer | $10,059,154 |
| Peter Cherecwich · this page | 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 full Northern Trust compensation record
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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.
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