Form 4: Nordstrom Executive Ann Munson Steines Reports Stock Transactions
SEC Form 4 Filing
Ann Munson Steines, CLO, GC & Corp. Secretary of Nordstrom, reports the conversion of Performance Share Units and withholding of shares for tax obligations.
Summary
- On March 10, 2025, Ann Munson Steines, CLO, GC & Corp. Secretary of Nordstrom, converted 16,140 Performance Share Units (PSUs) into common stock at a price of $24.42 per share.
- Steines also had 3,931 shares withheld to satisfy tax obligations related to the vesting of PSUs at $24.42 per share.
- Additionally, 4,740 shares were withheld to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs) at $24.42 per share.
- Following these transactions, Steines directly owns 120,936 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of earliest transaction: Conversion of Performance Share Units, withholding of shares for tax obligations related to PSUs and RSUs. |
| 03/12/2025 | Date of signature by Attorney-in-Fact. |
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