Form 4: Nordstrom CFO Sells Shares to Cover Tax Obligations

Nordstrom's Chief Financial Officer, Cathy R. Smith, sold 2,759 shares of common stock to cover tax obligations related to vesting of Restricted Stock Units (RSUs).

Summary

• Cathy R. Smith, the Chief Financial Officer of Nordstrom, Inc., sold 2,759 shares of common stock on December 4, 2024.
• The sale was executed at a price of $23.99 per share.
• This transaction was to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Ms. Smith directly owns 438,963 shares of Nordstrom common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance and are required when company insiders trade their company's stock. This filing is not unusual and is a common practice for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice across all publicly traded companies in the US.
• The sale of shares to cover tax obligations related to vesting of RSUs is a common practice among executives in publicly traded companies.
• The number of shares sold is relatively small compared to the total shares owned by the CFO, suggesting this is a routine transaction rather than a significant change in her investment position.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Nordstrom, Cathy R. Smith, CFO, stock sale, Form 4, insider trading, RSU, tax obligations