Form 4: Nordstrom Director Stacy Brown-Philpot Reports Changes in Beneficial Ownership Following Resignation
SEC Form 4
Stacy Brown-Philpot, a director at Nordstrom, reports changes in beneficial ownership due to stock unit dividends and resignation from the Board of Directors.
Summary
- On December 18, 2024, Stacy Brown-Philpot, a director at Nordstrom, acquired 327.64 stock units as a dividend credited on share units deferred under the Director's Deferred Compensation Plan.
- The price per share was $22.89.
- Following the transaction, Brown-Philpot directly owns 39,799.24 shares of Nordstrom common stock.
- As of December 13, 2024, Brown-Philpot resigned from Nordstrom's Board of Directors and is no longer subject to Section 16 reporting requirements.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company director, which is standard practice for publicly traded companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Stacy Brown-Philpot | 12/13/2024 | Resignation |
Stakeholder Impact
- Shareholders are informed of changes in insider ownership.
- The resignation of a director may lead to changes in board dynamics and strategic direction.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Reporting Person resigned from the Board of Directors of Nordstrom, Inc. |
| 12/18/2024 | Stock unit dividend credited on share units that were deferred at the election of the reporting person under the Director's Deferred Compensation Plan. |
| 12/20/2024 | Date of signature for the Form 4 filing. |
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