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

Director Stacy Brown-Philpot reports receiving a stock unit dividend from Nordstrom's Director's Deferred Compensation Plan.

Summary

• On June 18, 2024, Stacy Brown-Philpot, a director at Nordstrom, received a stock unit dividend.
• The dividend consisted of 338.97 stock units, which are convertible into Nordstrom's common stock.
• These units were credited on share units that were deferred under the Director's Deferred Compensation Plan.
• The price of the stock units was $21.75.
• Following the transaction, Brown-Philpot's direct ownership increased to 39,141.95 stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock unit dividend, indicating a neutral sentiment.

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 has a minimal impact on shareholders as it involves a small number of stock units granted as part of a director's compensation.

Key Dates