Northern Trust Management

Management criteria checks 3/4

Northern Trust's CEO is Mike O’Grady, appointed in Jan 2018, has a tenure of 6.33 years. total yearly compensation is $10.17M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €29.98M. The average tenure of the management team and the board of directors is 5.3 years and 9.3 years respectively.

Key information

Mike O’Grady

Chief executive officer

US$10.2m

Total compensation

CEO salary percentage	9.8%
CEO tenure	6.3yrs
CEO ownership	0.2%
Management average tenure	5.3yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike O’Grady's remuneration changed compared to Northern Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$935m
Dec 31 2023	US$10m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$11m	US$988k	US$1b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$10m	US$950k	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$9m	US$950k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$9m	US$938k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$8m	US$900k	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$5m	US$800k	US$1b

Compensation vs Market: Mike's total compensation ($USD10.17M) is above average for companies of similar size in the German market ($USD5.55M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike O’Grady (57 yo)

6.3yrs

Tenure

US$10,174,760

Compensation

Mr. Michael Gerard O’Grady, also known as Mike, is Chairman and Chief Executive Officer of Northern Trust Corporation. He joined the Northern Trust Corporation on August 15, 2011. He was Chairman, Presiden...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael O’Grady	Chairman & CEO	6.3yrs	US$10.17m	0.19% $ 30.1m
Jason Tyler	Executive VP & CFO	4.3yrs	US$4.28m	0.028% $ 4.5m
Steven Fradkin	Executive VP & President of Wealth Management	21.3yrs	US$5.57m	0.13% $ 21.2m
Peter Cherecwich	Executive VP & President of Asset Servicing	17.3yrs	US$5.10m	0.045% $ 7.1m
Daniel Gamba	Executive VP & President of Asset Management - Northern Trust’s Management Group	1.1yrs	US$6.66m	0.030% $ 4.7m
Jim Ward	Senior Investment Officer & Senior VP of Western Michigan Office	1.8yrs	no data	no data
Ian Headon	Head of Depositary Regulatory & Technical Services	no data	no data	no data
Thomas South	Executive VP & Chief Information Officer	6.3yrs	no data	0.018% $ 2.9m
Jennifer Childe	Senior VP & Director of Investor Relations	2.3yrs	no data	no data
Susan Levy	Executive VP & General Counsel	10yrs	no data	0.054% $ 8.6m
K. Mannard	Chief Marketing & Communications Officer	no data	no data	no data
Stephanie Goforth	Global Head of Sales & Marketing for Wealth Management	3.3yrs	no data	no data

5.3yrs

Average Tenure

57yo

Average Age

Experienced Management: NT4's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael O’Grady	Chairman & CEO	7.3yrs	US$10.17m	0.19% $ 30.1m
Martin Slark	Independent Director	13.1yrs	US$254.99k	0.012% $ 1.8m
Siddharth Mehta	Independent Director	5.3yrs	US$302.58k	0.0027% $ 432.6k
Donald Thompson	Independent Director	9.2yrs	US$289.99k	0.013% $ 2.0m
Susan Crown	Independent Director	27.3yrs	US$264.99k	0.18% $ 28.1m
Linda Bynoe	Independent Director	18.1yrs	US$289.95k	0.00098% $ 155.9k
David H. Smith	Independent Director	14.1yrs	US$299.99k	0.58% $ 93.0m
Charles Powell	Advisory Director	9.3yrs	no data	no data
Charles Tribbett	Independent Director	19.3yrs	US$254.99k	0.0014% $ 222.7k
Dean Harrison	Independent Director	9.3yrs	US$315.01k	0.00051% $ 81.1k
Jay Henderson	Independent Lead Director	7.8yrs	US$347.51k	0.0080% $ 1.3m
Marcy Klevorn	Independent Director	5.3yrs	US$309.99k	0.0049% $ 777.7k

9.3yrs

Average Tenure

66yo

Average Age

Experienced Board: NT4's board of directors are considered experienced (9.3 years average tenure).

Northern Trust Management

Management criteria checks 3/4

Key information

Recent management updates

Northern Trust Corporation Appoints Jordan Kiel as President of the Georgia Market

Northern Trust Appoints Gary Paulin Head of International Enterprise Client Solutions

Northern Trust Corporation Announces Appointment of Dotti Reeder as Market President of Dallas-Fort Worth

Northern Trust Announces Olivier Noël as Country Head of Luxembourg

Northern Trust Corporation, Annual General Meeting, Apr 16, 2024

Northern Trust Announces Executive Changes

Recent updates

Northern Trust Upgrades Cloud-Based Insurance Accounting and Analytics Application

First quarter dividend of US$0.75 announced

Now 23% undervalued after recent price drop

First quarter 2024 earnings released: EPS: US$0.96 (vs US$1.51 in 1Q 2023)

Northern Trust Corporation Reports Consolidated Net Charge Offs for the First Quarter Ended March 31, 2024

Northern Trust Corporation Reports Consolidated Net Charge Offs for the First Quarter Ended March 31, 2024

Northern Trust Corporation Appoints Jordan Kiel as President of the Georgia Market

Northern Trust Appoints Gary Paulin Head of International Enterprise Client Solutions

Northern Trust Corporation Announces Appointment of Dotti Reeder as Market President of Dallas-Fort Worth

Full year 2023 earnings released: EPS: US$5.09 (vs US$6.16 in FY 2022)

Upcoming dividend of US$0.75 per share

Northern Trust Announces Olivier Noël as Country Head of Luxembourg

Northern Trust Corporation to Report Q2, 2024 Results on Jul 17, 2024

Northern Trust Corporation, Annual General Meeting, Apr 16, 2024

Northern Trust Announces Executive Changes

Full year 2023 earnings released: EPS: US$5.14 (vs US$6.16 in FY 2022)

Northern Trust Corporation Declares Quarterly Dividends on Common Stock, Payable on April 1, 2024

Northern Trust Corporation to Report Q4, 2023 Results on Jan 18, 2024

Northern Trust Corporation Announces Executive Changes

Upcoming dividend of US$0.75 per share at 3.8% yield

Northern Trust Appoints Petra Sjogeras as Head of Nordics

Northern Trust Appoints Petra Sjogeras as Head of Nordics

Northern Trust Announces the Appointment of Head of Sales for the Nordics

Chairman & CEO recently bought €1.2m worth of stock

Now 21% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: US$1.49 (vs US$1.80 in 3Q 2022)

Northern Trust Corporation Declares Quarterly Dividends on Common Stock, Payable on January 1, 2024

Northern Trust Corporation to Report Q3, 2023 Results on Oct 18, 2023

Northern Trust Appoints Brian Donovan Senior Managing Director of Wealth Advisory Team and Ultra High Net Worth Practice Lead for East Region

Northern Trust Developing Digital Platform for Institutional Voluntary Carbon Credit Transactions

Northern Trust Appoints Aisling Keaneas as Head of Asset Servicing, Hong Kong

Upcoming dividend of US$0.75 per share at 3.9% yield

Northern Trust Appoints Dane Fannin as Head of Global Foreign Exchange Business

Northern Trust Appoints Caroline Higgins as Head of Global Fund Services for APAC

Northern Trust Appoints Benze Lam as the Head of Northern Trust's Hong Kong Entity

Northern Trust Corporation Declares Quarterly Cash Dividend, Payable on October 1, 2023

Second quarter 2023 earnings released: EPS: US$1.58 (vs US$1.86 in 2Q 2022)

Now 23% undervalued after recent price drop

Northern Trust Asset Management Announces Management Changes

Northern Trust Corporation to Report Q2, 2023 Results on Jul 19, 2023

Northern Trust Launches A-Suite, an Exclusive Online Platform for Asset Owners

Upcoming dividend of US$0.75 per share at 4.1% yield

Northern Trust Appoints Michael J. Bracci President of East Florida and Mid-Atlantic Regions

Northern Trust Appoints Patrick Cowan Chief Banking Officer for the West Region

First quarter 2023 earnings released: EPS: US$1.51 (vs US$1.78 in 1Q 2022)

Full year 2022 earnings released: EPS: US$6.16 (vs US$7.16 in FY 2021)

Upcoming dividend of US$0.75 per share at 3.2% yield

Northern Trust Appoints Gregory Irizarry as Senior Managing Director

Northern Trust Corporation Appoints Carlos J. Arrizurieta as President of Northeast Region

Northern Trust Appoints Daniel Gamba as New President of Asset Management, Effective April 3, 2023

Full year 2022 earnings released: EPS: US$6.16 (vs US$7.16 in FY 2021)

Northern Trust Corporation Declares Quarterly Dividend, Payable on April 1, 2023

Northern Trust Corporation to Report Q4, 2022 Results on Jan 19, 2023

Northern Trust Asset Management Partners with Solactive to Launch Two Global Bond ESG Climate Index Funds

Northern Trust Corporation to Report Q4, 2022 Results on Jan 19, 2023

Northern Trust Appoints Monica Safapour Market President in Santa Barbara

Upcoming dividend of US$0.75 per share

Insufficient new directors

Northern Trust Corporation Names Alvin Chia as Asia Pacific Head of Digital Assets Innovation

Northern Trust Announces Promotion of Kate Webber as Head of Product Strategy

Third quarter 2022 earnings released: EPS: US$1.80 (vs US$1.81 in 3Q 2021)

Northern Trust Corporation Declares Quarterly Cash Dividend, Payable on January 1, 2023

Northern Trust Appoints Michael Buzza as Global Head of Network Management & Market Strategy

Northern Trust Corporation to Report Q3, 2022 Results on Oct 19, 2022

Northern Trust Appoints Michael Cklamovski Senior Managing Director and President of Northern California

Northern Trust Corporation Appoints Curtiss Smith as Phoenix Region President

Upcoming dividend of US$0.75 per share

Northern Trust Corporation Appoints Philip J. Hayes West Region Wealth Advisor

Northern Trust Bolsters Digital Solutions Consulting Team