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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is listed on The NASDAQ Stock Market LLC under the symbol “NTRS.” There were 1,417 stockholders of record as of January 31, 2025. The following table shows certain information relating to the Corporation’s purchases of common stock through our share repurchase program for the three months ended December 31, 2024.

TABLE 2: REPURCHASES OF COMMON STOCK IN THE FOURTH QUARTER OF 2024

PERIODTOTAL NUMBER OF SHARES PURCHASEDAVERAGE PRICE PAID PER SHARETOTAL NUMBER OF SHARES PURCHASED AS PART OF A PUBLICLY ANNOUNCED PLANMAXIMUM NUMBER OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLAN
October 1 - 31, 2024223,867$101.85223,86713,076,283
November 1 - 30, 20241,259,715106.361,259,71511,816,568
December 1 - 31, 2024867,740108.45867,74010,948,828
Total (Fourth Quarter)2,351,322$106.702,351,32210,948,828

On October 19, 2021, the Corporation announced a share repurchase program under which the Corporation’s Board of Directors authorized the Corporation to repurchase up to 25.0 million shares of the Corporation’s common stock. The repurchase authorization approved by the Board of Directors has no expiration date, thus the Corporation retains the ability to repurchase when circumstances warrant and applicable regulation permits. For more information, please refer to Note 13, “Stockholders’ Equity,” provided in Item 8, “Financial Statements and Supplementary Data.”

36 2024 ANNUAL REPORT | NORTHERN TRUST CORPORATION

COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN

The following graph compares the cumulative total stockholder return on the Corporation’s common stock to the cumulative total return of the S&P 500 Index and the KBW Bank Index for the five fiscal years ended December 31, 2024. The cumulative total stockholder return assumes the investment of $100 in the Corporation’s common stock and in each index on December 31, 2019 and assumes reinvestment of dividends. The KBW Bank Index is a modified-capitalization-weighted index made up of 24 of the largest banking companies in the United States. The Corporation is included in the S&P 500 Index and the KBW Bank Index.

Total Return Assumes $100 Invested on December 31, 2019 with Reinvestment of Dividends

1646

DECEMBER 31,
201920202021202220232024
Northern Trust$100$91$119$91$90$113
S&P 500 Index100118152125158197
KBW Bank Index100901249897133

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