Form 4: Nordstrom COO Alexis DePree Sells 20,000 Shares

Nordstrom's Chief Operating Officer, Alexis DePree, recently sold 20,000 shares of the company's common stock at an average price of $23.1993 per share.

Summary

• On September 24, 2024, Alexis DePree, the Chief Operating Officer of Nordstrom Inc., sold 20,000 shares of Nordstrom's common stock.
• The sale was executed at a weighted average price of $23.1993 per share.
• The prices for individual transactions ranged from $23.15 to $23.265.
• Following the transaction, DePree directly owns 169,331 shares of Nordstrom stock.

Sentiment

Score: 5

Explanation: The document itself is neutral, simply reporting a transaction. The sentiment is neither positive nor negative without additional context.

Industry Context

Insider sales are common and can be for various reasons, including diversification or personal financial planning. It's important to consider the context of the sale, such as the overall trading volume and the company's performance, to determine its significance.

Comparison to Industry Standards

• Comparing DePree's transaction to similar insider sales at comparable retailers like Macy's (M) or Kohl's (KSS) could provide context.
• Analyzing the percentage of shares sold relative to DePree's total holdings and the average insider trading activity in the retail sector would be useful.
• Benchmarking the sale price against recent trading patterns and analyst ratings for Nordstrom (JWN) can offer further insights.

Stakeholder Impact

• The sale could have a minor psychological impact on shareholders, potentially leading to speculation about the reasons behind the sale.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates