Form 4: Nordstrom COO Alexis DePree Reports Acquisition and Disposal of Shares

Nordstrom's Chief Operating Officer, Alexis DePree, reports changes in beneficial ownership, including the acquisition of common stock and performance share units, as well as the disposal of common stock.

Summary

• On March 6, 2025, Alexis DePree, the Chief Operating Officer of Nordstrom, reported transactions involving Nordstrom's common stock and performance share units (PSUs).
• DePree acquired 42,503 shares of common stock and 45,019 performance share units.
• DePree also disposed of 42,503 shares of common stock.
• Following these transactions, DePree beneficially owns 211,834 shares of common stock and 45,019 performance share units.
• The performance share units vest over a 3-year period from FY 2025 through FY 2027, contingent on the achievement of certain performance metrics, with potential earnings ranging from 0% to 175%.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into the executive's holdings and compensation structure.

Positives

• The acquisition of performance share units aligns the COO's interests with the company's performance over the next three fiscal years.

Future Outlook

The performance share units vest over a 3-year period (FY 2025-FY 2027) based on the achievement of certain performance metrics, with potential earnings ranging from 0% to 175%.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's future prospects.

Comparison to Industry Standards

• Comparing DePree's holdings and transactions to those of other retail company executives would provide a benchmark for assessing her level of investment in Nordstrom relative to her peers.
• Analyzing the vesting schedules and performance metrics associated with the PSUs against industry norms for executive compensation packages would offer insights into the competitiveness and alignment of Nordstrom's compensation practices.

Stakeholder Impact

• Shareholders can use this information to understand the alignment of management's interests with the company's performance.
• Employees may be interested in the structure of executive compensation and its link to company performance.

Key Dates