Form 4: Nordstrom Director O'Toole Reports Share Cancellation and Resignation Following Merger

Amie Thuener O'Toole, a Nordstrom director, reports the cancellation of her shares and resignation from the board following the completion of the merger with Nordstrom Holdings, Inc.

Summary

• On May 20, 2025, Amie Thuener O'Toole, a director of Nordstrom, Inc., filed a Form 4 with the SEC.
• This filing reports changes in her beneficial ownership of Nordstrom stock due to the merger between Nordstrom and Nordstrom Holdings, Inc.
• As a result of the merger, Nordstrom became a wholly-owned subsidiary of Nordstrom Holdings, Inc., and O'Toole's shares of common stock were cancelled and converted into the right to receive $24.25 per share in cash.
• O'Toole also resigned from the Board of Directors of Nordstrom, Inc. on May 20, 2025, and is no longer subject to Section 16 reporting requirements.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a merger, so the sentiment is neutral.

Future Outlook

Following the merger, Nordstrom will be delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934.

Industry Context

This announcement reflects the completion of a previously announced merger, a common occurrence in the retail industry as companies seek to restructure, gain efficiencies, or adapt to changing market conditions.

Management Changes

Stakeholder Impact

• Shareholders received $24.25 per share in cash as a result of the merger.
• The company will be delisted from the New York Stock Exchange, impacting investors who prefer publicly traded stocks.

Key Dates

Keywords

Merger, Nordstrom, O'Toole, Form 4, SEC, Director Resignation, Share Cancellation