Form 4: Nordstrom CTIO Jason Morris Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jason Morris, CTIO of Nordstrom, disposed of 27,358 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, Jason Morris, the CTIO of Nordstrom, disposed of 27,358 shares of Nordstrom's common stock.
- The shares were disposed of to satisfy tax obligations associated with the vesting of Restricted Stock Units (RSUs).
- The transaction was executed at a price of $21.21 per share.
- Following the transaction, Morris directly owns 309,184 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of stock disposal transaction |
| 06/11/2024 | Date of Form 4 filing |
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