Form 4: Nordstrom Executive Gemma Lionello Reports Stock Transaction
SEC Form 4 Filing
Gemma Lionello, President of Nordstrom Rack, reports a transaction involving Nordstrom Inc. stock to cover tax obligations related to vesting RSUs.
Summary
- On September 10, 2024, Gemma Lionello, President of Nordstrom Rack, reported a transaction involving Nordstrom Inc. (JWN) stock.
- 972 shares of common stock were disposed of at a price of $22.24 to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Lionello directly owns 74,150 shares of Nordstrom common stock.
- Lionello also indirectly owns 26,812 shares through a 401(k) plan, as per the plan statement dated August 31, 2024.
Sentiment
Score: 5
Explanation: This is a neutral filing related to a standard tax obligation, so it doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This filing indicates a routine transaction to cover tax obligations related to vested stock awards, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 08/31/2024 | Date of 401(k) Plan statement |
| 09/10/2024 | Date of stock transaction |
| 09/11/2024 | Date of signature on the report |
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