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

Director Bradley D. Tilden reports receiving a stock unit dividend from Nordstrom, increasing his holdings.

Summary

• On June 18, 2024, Bradley D. Tilden, a director of Nordstrom Inc., received 133.93 stock units as a dividend.
• These stock units are convertible into Nordstrom's common stock and are payable upon certain events, such as retirement from the Board of Directors.
• The price of the underlying common stock at the time of the dividend was $21.75.
• Following this transaction, Tilden directly owns 15,464.96 shares of Nordstrom common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The receipt of stock units as a dividend increases the director's stake in the company, aligning his interests with shareholders.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with shareholders.

Key Dates