Form 4: Nordstrom COO Alexis DePree Reports Stock Transactions
SEC Form 4 Filing
Nordstrom's Chief Operating Officer, Alexis DePree, reports the conversion of Performance Share Units and withholding of shares for tax obligations.
Summary
- On March 10, 2025, Alexis DePree, the Chief Operating Officer of Nordstrom Inc., converted 17,037 Performance Share Units (PSUs) into common stock at a price of $24.42 per share.
- Additionally, 4,528 shares were withheld to cover tax obligations related to the vesting of PSUs, and 6,506 shares were withheld to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
- Following these transactions, DePree directly owns 217,837 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It is standard practice for officers to convert equity awards and have shares withheld for tax obligations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related activities.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of earliest transaction: conversion of Performance Share Units, withholding of shares for taxes. |
| 03/10/2025 | Performance Share Units convert into common stock. |
| 03/12/2025 | Date of signature by Attorney-in-Fact. |
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