Form 4: Nordstrom Executive Ann Munson Steines Reports Acquisition of Common Stock and Performance Share Units

Ann Munson Steines, CLO, GC & Corp. Secretary of Nordstrom, reports the acquisition of common stock and performance share units.

Summary

• On March 6, 2025, Ann Munson Steines, CLO, GC & Corp. Secretary of Nordstrom, acquired 30,954 shares of common stock.
• These shares were acquired at a price of $0.
• Following the transaction, Steines directly owns 113,467 shares of Nordstrom common stock.
• Steines also acquired 32,786 Performance Share Units (PSUs) on the same date.
• Each PSU represents a contingent right to receive one share of Nordstrom's common stock.
• The PSUs may be earned over a 3-year period from FY 2025 through FY 2027, depending on the achievement of certain metrics.
• The PSUs vest between March 10, 2028 and March 10, 2028.
• The total percentage of PSUs that can be earned at the end of the 3-year period ranges from 0%-175%.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing insider transactions. The acquisition of shares by an executive is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Risks

• The value of the Performance Share Units is contingent on the achievement of pre-established performance measures, which introduces uncertainty.

Future Outlook

The Performance Share Units are subject to a 3-year performance period from FY 2025 through FY 2027, with the number of PSUs earned depending on the achievement of certain metrics. The total percentage of PSUs that can be earned at the end of the 3-year period ranges from 0%-175%.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The structure and content of this filing are consistent with those of similar filings by executives at comparable retail companies such as Macy's (M) and Kohl's (KSS).

Stakeholder Impact

• The acquisition of shares by a company executive can positively influence shareholder sentiment.

Key Dates