Form 4: Nordstrom CFO Cathy R. Smith Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Cathy R. Smith, CFO of Nordstrom, disposed of 53,946 shares of common stock on June 10, 2024, to cover tax obligations related to vesting of Restricted Stock Units (RSUs).
Summary
- On June 10, 2024, Cathy R. Smith, the Chief Financial Officer of Nordstrom Inc. (JWN), disposed of 53,946 shares of Nordstrom's common stock.
- The shares were disposed of at a price of $21.21 per share.
- This transaction was executed to satisfy tax obligations associated with the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Smith directly owns 441,722 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This disposal is related to tax obligations, a common occurrence when RSUs vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock disposal transaction |
| 06/11/2024 | Date of signature on the Form 4 filing |
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