Northern Trust

Northern Trust

NTRS· Finance· Fiscal year ends in December

CEO pay in FY2025Stock +33.3% in FY2025

Michael G. O’Grady is the CEO of Northern Trust and was paid $10.1M in FY2025 (Dec), down 8%.

Pay$100 in the stock at the end of FY20 → $155
CEO pay is from each Northern Trust proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Michael G. O’GradyFY2025
  2. 2Peter B. CherecwichFY2025
  3. 3Thomas A. SouthFY2025
  4. 4Jason J. TylerFY2025
  5. 5David W. Fox, Jr.FY2025

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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Northern Trust paid its 5 named executives $27.4M in total in FY2025 (Dec). CEO Michael G. O’Grady was paid $10.1M of that.

Name
Michael G. O’GradyChairman and Chief Executive Officer
Peter B. CherecwichChief Operating Officer
Thomas A. SouthChief Information OfficerNot disclosedNot disclosed
Jason J. TylerPresident, Wealth Management (Former Chief Financial Officer)
David W. Fox, Jr.Chief Financial OfficerNot disclosed

of each named executive, from the Summary Compensation Table of each proxy.

Peers12

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The FY2025 (Dec) proxy of Northern Trust names 12 peer companies for pay. Among Northern Trust and these peers, CEO pay was the lowest of 7 and total shareholder return was 4th highest of 6.

7th highest of 7in Northern Trust and its pay peers, FY2025 (Dec) by CEO pay:

$10.1M$83.5M

4th highest of 6in Northern Trust and its pay peers, FY2025 (Dec) by total shareholder return:

$130$316

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board4

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  • Jay L. HendersonLead independent director · 8 yr on the boardIndependentAudit (Chair), Business Risk, Capital Governance, CEO and Human Capital and Compensation, Corporate Governance, Executive—Paid as an executive
  • David H. B. SmithDirector · 14 yr on the boardIndependentAudit, Capital Governance (Chair), Executive—Paid as an executive
  • Marcy S. KlevornDirector · 5 yr on the boardIndependentAudit, Business Risk—Paid as an executive
  • Robert E. MoritzDirector · -1 yr on the boardIndependentAudit—Paid as an executive

The board of the latest proxy (FY2024).

Activity

  1. Pay
    Northern Trust Division head pay rose 10% to $4.5M. The stock rose 33% in FY2025 (Dec).
    DEF 14A
  2. Pay
    Northern Trust CFO pay rose 71% to $3.5M. The stock rose 33% in FY2025 (Dec).
    DEF 14A
  3. Pay
    Northern Trust Vice Chairman pay fell 19% to $4.5M. The stock rose 21% in FY2024 (Dec).
    DEF 14A
  4. Pay
    Northern Trust Vice Chairman pay rose 14% to $5.4M. The stock fell 24% in FY2022 (Dec).
    DEF 14A
  5. Pay
    Northern Trust COO pay fell 10% to $4.6M. The stock rose 21% in FY2024 (Dec).
    DEF 14A
  6. Pay
    Northern Trust COO pay rose 19% to $5.6M. The stock fell 24% in FY2022 (Dec).
    DEF 14A
  7. Pay
    Northern Trust Division head pay rose 26% to $4.3M. The stock fell 24% in FY2022 (Dec).
    DEF 14A
  8. Pay
    Northern Trust Division head pay fell 28% to $4.7M. The stock rose 21% in FY2024 (Dec).
    DEF 14A
  9. Board
    Robert E. Moritz joined the board of Northern Trust. Robert E. Moritz sits on no other public board.
    3

Filings23

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Current report8-KOct 20, 2026—
Current report8-KSep 29, 2026—
Current report8-KApr 22, 2026—
Proxy statementDEF 14AMar 11, 2026FY2025
Annual report10-KFeb 24, 2026FY2025
Current report8-KSep 3, 2025—
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