NTRS · Northern Trust Corp · Executive Compensation

$186.86 +2.17 (+1.17%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$33.79B

182.96M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Peter B. Cherecwich	Chief Operating Officer	$675,000	—	$2,502,615	—	$1,447,500	$25,786	$4,782,539
THOMAS A. SOUTH	Chief Information Officer —	$656,250	—	$2,635,177	—	$1,065,000	$21,449	$4,624,352
Jason J. Tyler	President, Wealth Management	$656,250	—	$2,380,111	—	$1,297,500	$20,526	$4,525,504
Jason Tyler	—	$656,250	—	$2,380,111	—	$1,297,500	$20,526	$4,525,504
DAVID W. FOX	Chief Financial Officer —	$646,250	—	$1,533,225	—	$1,147,500	$31,992	$3,451,073

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman and Chief Executive Officer	$1,000,000	—	$7,700,038	—	$2,050,000	$42,681	$10,929,786
Daniel E. Gamba	President, Asset Management —	$675,000	—	$2,677,594	—	$1,222,500	$9,284	$4,659,684
Peter B. Cherecwich	Chief Operating Officer	$675,000	—	$2,677,594	—	$1,072,500	$26,937	$4,572,491
Steven L. Fradkin	Vice Chairman	$675,000	—	$2,677,594	—	$1,147,500	$25,117	$4,525,211
Jason Tyler	CFO	$600,000	—	$2,310,100	—	$1,020,000	$18,976	$4,101,483
Jason J. Tyler	President, Wealth Management (Former Chief Financial Officer)	$600,000	—	$2,310,100	—	$1,020,000	$18,976	$4,101,483
DAVID W. FOX	Chief Financial Officer — —	$560,000	—	$726,040	—	$657,000	$15,655	$2,017,262

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman and Chief Executive Officer	$1,000,000	—	$8,500,150	—	$500,000	$35,891	$10,174,760
Daniel E. Gamba	President, Asset Management —	$478,125	—	$4,800,038	—	$1,147,500	$45,393	$6,492,042
Steven L. Fradkin	Vice Chairman	$675,000	—	$3,080,055	—	$1,147,500	$25,575	$5,573,187
Peter B. Cherecwich	Chief Operating Officer	$675,000	—	$3,080,055	—	$1,147,500	$24,038	$5,101,002
Jason J. Tyler	President, Wealth Management (Former Chief Financial Officer)	$600,000	—	$2,520,087	—	$990,000	$18,383	$4,283,939
Jason Tyler	CFO	$600,000	—	$2,520,087	—	$990,000	$18,383	$4,283,939

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman and Chief Executive Officer	$987,500	—	$8,500,158	—	$1,000,000	$39,342	$10,816,639
Shundrawn A. Thomas	Former President—Asset Management	$271,306	—	$8,561,077	—	—	$72,507	$8,904,890
Peter B. Cherecwich	Chief Operating Officer	$662,500	—	$3,360,107	—	$1,320,000	$23,480	$5,554,710
Steven L. Fradkin	Vice Chairman	$662,500	—	$3,360,107	—	$1,320,000	$26,230	$5,368,837
Jason J. Tyler	President, Wealth Management (Former Chief Financial Officer)	$587,500	—	$2,520,081	—	$1,080,000	$18,539	$4,348,108
Jason Tyler	CFO	$587,500	—	$2,520,081	—	$1,080,000	$18,539	$4,348,108
Alexandria Taylor	Chief Human Resources Officer	$114,583	$1,000,000	$3,000,044	—	—	$60,120	$4,179,567

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman and Chief Executive Officer	$950,000	—	$6,825,124	—	$2,500,000	$29,177	$10,449,233
Shundrawn A. Thomas	Former President—Asset Management	$625,000	—	$2,450,145	—	$1,440,000	$8,817	$4,720,484
Steven L. Fradkin	President—Wealth Management	$625,000	—	$2,600,135	—	$1,440,000	$25,991	$4,691,126
Peter B. Cherecwich	President—Asset Servicing	$625,000	—	$2,450,145	—	$1,440,000	$29,773	$4,651,751
Jason J. Tyler	Chief Financial Officer	$537,500	—	$1,750,089	—	$1,080,000	$16,392	$3,463,163
Jason Tyler	CFO	$537,500	—	$1,750,089	—	$1,080,000	$16,392	$3,463,163
Alexandria Taylor	Chief Human Resources Officer	—	—	—	—	—	—	—

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman and Chief Executive Officer	$950,000	—	$6,825,082	—	$1,175,000	$37,552	$9,189,814
Steven L. Fradkin	President—Wealth Management	$625,000	—	$2,590,122	—	$950,000	$25,729	$5,765,922
Peter B. Cherecwich	President—Asset Servicing	$625,000	—	$2,450,068	—	$900,000	$23,504	$4,149,630
Shundrawn A. Thomas	Former President—Asset Management	$625,000	—	$2,310,116	—	$900,000	$16,878	$4,055,091
Jason J. Tyler	Chief Financial Officer	$500,000	—	$600,039	—	$650,000	$15,050	$1,820,348
Jason Tyler	CFO	$500,000	—	$600,039	—	$650,000	$15,050	$1,820,348
Alexandria Taylor	Chief Human Resources Officer	—	—	—	—	—	—	—

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael G	O’Grady Chairman, President andChief Executive Officer	$937,500	—	$6,225,141	—	$2,075,000	$35,977	$9,459,768
Michael O'Grady	Chairman and Chief Executive Officer	$937,500	—	$6,225,141	—	$2,075,000	$35,977	$9,459,768
Steven L	Fradkin President—Wealth Management	$625,000	—	$2,660,079	—	$1,110,000	$25,219	$6,202,754
Steven L. Fradkin	President—Wealth Management	$625,000	—	$2,660,079	—	$1,110,000	$25,219	$6,202,754
S. Biff	Bowman Former Chief Financial Officer(Served through December 31, 2019)	$625,000	—	$2,310,120	—	$930,000	$30,259	$4,922,883
Peter B. Cherecwich	President—Corporate & Institutional Services	$625,000	—	$2,590,143	—	$1,050,000	$35,441	$4,467,254
Peter B	Cherecwich President—Corporate &Institutional Services —	$625,000	—	$2,590,143	—	$1,050,000	$35,441	$4,467,254
Robert P	Browne Chief Investment Officer — —	$550,000	—	$2,275,059	—	$930,000	$16,500	$3,867,734

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael O'Grady	Chairman, President and Chief Executive Officer	$900,000	—	$4,850,107	—	$2,075,000	$33,985	$7,971,986
Steven L. Fradkin	President—Wealth Management	$625,000	—	$2,300,174	—	$1,140,000	$30,725	$4,095,899
Steven L	Fradkin President—Wealth Management	$625,000	—	$2,300,174	—	$1,140,000	$30,725	$4,095,899
Peter B. Cherecwich	President—Corporate & Institutional Services	$618,750	—	$2,200,062	—	$1,110,000	$21,939	$4,080,599
Peter B	Cherecwich President—Corporate &Institutional Services —	$618,750	—	$2,200,062	—	$1,110,000	$21,939	$4,080,599
S. Biff	Bowman Former Chief Financial Officer(Served through December 31, 2019)	$625,000	—	$2,100,055	—	$990,000	$29,857	$3,744,912

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Michael G	O’Grady Chairman, President andChief Executive Officer	$800,000	—	$2,362,562	$779,644	$1,250,000	$30,687	$5,321,861
Steven L	Fradkin President—Wealth Management	$625,000	—	$1,620,128	$534,621	$1,100,000	$30,532	$5,146,135
S. Biff	Bowman Former Chief Financial Officer(Served through December 31, 2019)	$625,000	—	$1,518,771	$501,209	$900,000	$29,245	$4,287,325

Executive changes

Person	Role	Change	Effective	Filed
Michael Hunstad	President – Asset Management	Appointed	2025-09-03	2025-09-03
Richard Petrino	director	Appointed	2025-01-22	2025-01-22
Robert Moritz	director	Appointed	2025-03-01	2025-01-22

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