Northern Trust Management

Management criteria checks 3/4

Northern Trust's CEO is Mike O’Grady, appointed in Jan 2018, has a tenure of 7.33 years. total yearly compensation is $10.93M, comprised of 9.1% salary and 90.9% bonuses, including company stock and options. directly owns 0.22% of the company’s shares, worth €41.70M. The average tenure of the management team and the board of directors is 2.4 years and 10.3 years respectively.

Key information

Mike O’Grady

Chief executive officer

US$10.9m

Total compensation

CEO salary percentage	9.15%
CEO tenure	7.3yrs
CEO ownership	0.2%
Management average tenure	2.4yrs
Board average tenure	10.3yrs

Recent management updates

No updates

Recent updates

No 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 2025	n/a	n/a	US$2b
Dec 31 2024	US$11m	US$1m	US$2b
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$1b
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

Compensation vs Market: Mike's total compensation ($USD10.93M) is above average for companies of similar size in the Italian market ($USD3.15M).

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

CEO

Mike O’Grady (58 yo)

7.3yrs

Tenure

US$10,929,786

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	7.3yrs	US$10.93m	0.22% € 41.7m
Peter Cherecwich	Executive VP & COO	less than a year	US$4.57m	0.029% € 5.3m
Jason Tyler	Executive VP & President of Wealth Management	less than a year	US$4.10m	0.037% € 7.0m
Daniel Gamba	Executive VP & President of Asset Management	2.1yrs	US$4.66m	0.0087% € 1.6m
David Fox	Executive VP & CFO	less than a year	no data	0.026% € 4.9m
Jim Ward	Senior Investment Officer & Senior VP of Western Michigan Office	2.8yrs	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	7.3yrs	no data	0.025% € 4.6m
Alexandria Taylor	Executive VP & Chief Administrative Officer	less than a year	US$4.62m	0.023% € 4.2m
Jennifer Childe	Senior VP & Director of Investor Relations	3.3yrs	no data	no data
Susan Levy	Executive VP	11yrs	no data	0.063% € 11.7m
K. Mannard	Chief Marketing & Communications Officer	no data	no data	no data

2.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 1NTRS's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael O’Grady	Chairman & CEO	8.3yrs	US$10.93m	0.22% € 41.7m
Martin Slark	Independent Director	14.1yrs	US$254.96k	0.013% € 2.5m
Siddharth Mehta	Independent Director	6.3yrs	US$328.99k	0.0029% € 533.8k
Donald Thompson	Independent Director	10.2yrs	US$289.96k	0.016% € 2.9m
Susan Crown	Independent Director	28.3yrs	US$257.87k	0.19% € 34.7m
David H. Smith	Independent Director	15.1yrs	US$299.96k	0.58% € 107.9m
Charles Powell	Advisory Director	10.3yrs	no data	no data
Charles Tribbett	Independent Director	20.3yrs	US$254.96k	0.0014% € 270.6k
Dean Harrison	Independent Director	10.3yrs	US$328.99k	0.00054% € 100.8k
Jay Henderson	Independent Lead Director	8.8yrs	US$368.58k	0.0094% € 1.8m
Marcy Klevorn	Independent Director	6.3yrs	US$309.96k	0.0063% € 1.2m
Chandra Dhandapani	Independent Director	1yr	US$192.89k	0.0023% € 436.7k

10.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 1NTRS's board of directors are seasoned and experienced ( 10.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 20:22
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Northern Trust Corporation is covered by 37 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jason Goldberg	Barclays
Jason Goldberg	Barclays
Ebrahim Poonawala	BofA Global Research