AI English summary of an SEC filing — figures as filed
Northern Trust NTRSNorthern Trust said its Board of Directors approved a new common stock repurchase authorization on July 22, 2025 authorizing, but not obligating, the repurchase of up to $2.5 billion of the Corporation's outstanding shares of common stock from time to time. The authorization has no expiration date.
Key points
AI summaryNorthern Trust said its Board of Directors approved a new common stock repurchase authorization on July 22, 2025 authorizing, but not obligating, the repurchase of up to $2.5 billion of the Corporation's outstanding shares of common stock from time to time. The authorization has no expiration date.
The company said the new authorization replaces the previously announced authorization approved on October 19, 2021. The prior authorization had approximately 4.8 million shares of remaining repurchase capacity as of the date of the new authorization.
Northern Trust said it expects to acquire shares through open market transactions, block trades, privately negotiated transactions and trading plans adopted in accordance with Rule 10b5-1. The company said the timing and actual number of shares repurchased will depend on a variety of factors including price, regulatory requirements, market conditions and liquidity requirements, and the authorization may be modified, suspended or discontinued at any time.
The company repurchased 572,709 shares between July 1, 2025 and the date of the new authorization. It said all funds in connection with repurchases after the new authorization shall count against the Maximum Program Amount.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
New $2.5 billion Stock Repurchase Authorization
Northern Trust said its Board of Directors approved a new common stock repurchase authorization on July 22, 2025 authorizing, but not obligating, the repurchase of up to $2.5 billion of the Corporation's outstanding shares of common stock from time to time. The authorization has no expiration date.
Source · Based on the filing body and exhibits
Replaces Prior Authorization Approved in October 2021
The company said the new authorization replaces the previously announced authorization approved on October 19, 2021. The prior authorization had approximately 4.8 million shares of remaining repurchase capacity as of the date of the new authorization.
Source · Based on the filing body and exhibits
Repurchase Methods and Execution Conditions
Northern Trust said it expects to acquire shares through open market transactions, block trades, privately negotiated transactions and trading plans adopted in accordance with Rule 10b5-1. The company said the timing and actual number of shares repurchased will depend on a variety of factors including price, regulatory requirements, market conditions and liquidity requirements, and the authorization may be modified, suspended or discontinued at any time.
Source · Based on the filing body and exhibits
Repurchases and Remaining Capacity Under Prior Authorization in July
The company repurchased 572,709 shares between July 1, 2025 and the date of the new authorization. It said all funds in connection with repurchases after the new authorization shall count against the Maximum Program Amount.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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