Form 4: Nordstrom Director Bradley D. Tilden Reports Stock Unit Dividend

Director Bradley D. Tilden reported the acquisition of stock units through a dividend under Nordstrom's Director's Deferred Compensation Plan.

Summary

• On September 18, 2024, Bradley D. Tilden, a director of Nordstrom Inc., acquired 130.25 stock units as a dividend.
• These stock units were credited on share units deferred under the Director's Deferred Compensation Plan.
• The price of the derivative security was $22.56.
• Following the transaction, Tilden directly owns 15,595.21 stock units.
• These stock units are convertible into Nordstrom's common stock and payable upon certain events, such as retirement from the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (stock unit dividend) within a standard compensation plan, suggesting a stable outlook.

Future Outlook

The stock units are convertible into issuer's common stock and payable upon the occurrence of certain events, including the reporting person's retirement from the issuer's Board of Directors.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, specifically the acquisition of stock units by a company director as part of a deferred compensation plan. Such plans are common for directors and executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves stock units granted to a director under a pre-existing compensation plan.

Key Dates