Form 4: Nordstrom Executive Andrew L. Nordstrom Reports Changes in Beneficial Ownership Following Merger

Andrew L. Nordstrom, a member of a 10% owner group of Nordstrom Inc., reports changes in beneficial ownership due to the merger with Nordstrom Holdings, Inc., resulting in the delisting of Nordstrom's common stock from the New York Stock Exchange.

Summary

• Andrew L. Nordstrom, a member of a 10% owner group, filed a Form 4 detailing changes in his beneficial ownership of Nordstrom Inc. stock.
• The changes are a result of the merger between Nordstrom, Inc. and Nordstrom Holdings, Inc., which was completed on May 20, 2025.
• As a result of the merger, Nordstrom's common stock will be delisted from the New York Stock Exchange.
• Nordstrom's common stock was converted into the right to receive $24.25 per share in cash.
• Some shares were transferred to Parent in exchange for newly issued shares of common stock of Parent.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports factual changes in ownership due to a merger.

Negatives

• Nordstrom's common stock will be delisted from the New York Stock Exchange as a result of the merger.

Future Outlook

Following the merger, Nordstrom will operate as a wholly-owned subsidiary of Nordstrom Holdings, Inc.

Industry Context

This announcement reflects a trend of retail companies undergoing mergers and acquisitions to adapt to changing market conditions and consumer preferences.

Stakeholder Impact

• Shareholders received $24.25 per share in cash.
• Nordstrom will operate as a wholly-owned subsidiary of Nordstrom Holdings, Inc.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Nordstrom, JWN, Delisting, Acquisition