Northern Trust: Pay

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.

Pay$100 in the stock at the end of FY20 → $155
CEO pay is from each 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.

Pay of each named executive

Michael G. O’GradyChairman and Chief Executive Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Peter B. CherecwichChief Operating Officer
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
Thomas A. SouthChief Information Officer
FY2025 (Dec)
1 year
Jason J. TylerPresident, Wealth Management (Former Chief Financial Officer)
FY2025 (Dec)
FY2024 (Dec)
FY2023 (Dec)
FY2022 (Dec)
FY2021 (Dec)
5 years
David W. Fox, Jr.Chief Financial Officer
FY2025 (Dec)
FY2024 (Dec)
2 years

CEO pay against the pay peers

In FY2025 (Dec), the median CEO pay of the 6 peers with pay on file was $24.5M. The CEO of Northern Trust was paid $10.1M, 59% below the median.

  1. 1Bank of New York Mellon
  2. 2BlackRock
  3. 3PNC Financial Services Group
  4. 4State Street
  5. 5Truist Financial
  6. 6Fifth Third Bancorp
  7. 7Northern Trust
  8. 8Franklin Resources, Inc.Not disclosed
  9. 9KeyCorpNot disclosed
  10. 10M&T Bank CorporationNot disclosed
  11. 11T. Rowe Price Group, Inc.Not disclosed
  12. 12The Charles Schwab CorporationNot disclosed
  13. 13U.S. BancorpNot disclosed

Pay of each named executive comes from the Summary Compensation Table of each proxy statement. Realized pay adds the value of options used and stock that vested. CEO pay of each peer comes from its own Pay versus Performance table.