Form 4: Nordstrom Director Stacy Brown-Philpot Reports Stock Unit Dividend

Director Stacy Brown-Philpot reports receiving a stock unit dividend and now holds 39,471.6 stock units convertible to common stock.

Summary

• Stacy Brown-Philpot, a director at Nordstrom, reported a transaction on September 18, 2024.
• The transaction involved the acquisition of 329.65 stock units as a dividend.
• These stock units are convertible into Nordstrom's common stock on a 1-for-1 basis.
• The stock unit dividend was credited on share units that were deferred at the election of the reporting person under the Director's Deferred Compensation Plan.
• Following the transaction, Brown-Philpot beneficially owns 39,471.6 stock units directly.
• The stock units are payable upon the occurrence of certain events, including the reporting person's retirement from the issuer's Board of Directors.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. It reports a routine transaction related to director compensation. There is no indication of positive or negative sentiment.

Positives

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

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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates