Form 4: Nordstrom CTIO Jason Morris Reports Stock Disposal for Tax Obligations

Jason Morris, CTIO of Nordstrom, disposed of 5,809 shares of common stock on March 10, 2025, to cover tax obligations related to vesting of Restricted Stock Units (RSUs).

Summary

• On March 10, 2025, Jason Morris, the CTIO of Nordstrom Inc., reported a transaction involving the disposal of 5,809 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 $24.42 per share.
• Following the transaction, Morris directly owns 349,717 shares of Nordstrom common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This particular filing indicates a common practice of executives selling shares to cover tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it is a routine sale of shares by an executive for tax purposes.

Key Dates