Form 4: Nordstrom Executive Gemma Lionello Reports Stock Transaction

Gemma Lionello, President of Nordstrom Rack, sold 1,180 shares of Nordstrom stock to cover tax obligations related to vesting of restricted stock units.

Summary

• Gemma Lionello, President of Nordstrom Rack, reported a transaction involving Nordstrom stock.
• On December 4, 2024, Lionello sold 1,180 shares of common stock at a price of $23.99 per share.
• This sale was to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Following the transaction, Lionello directly owns 72,970 shares of Nordstrom stock.
• Lionello also indirectly owns 21,953 shares through a 401(k) plan as of November 30, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock transaction. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend or issue within the retail industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock transactions.
• Other executives at similar retail companies like Macy's or Kohl's would also file similar forms when they sell shares for tax purposes or other reasons.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive for tax purposes.

Key Dates

Keywords

Nordstrom, Gemma Lionello, stock transaction, Form 4, insider trading, Nordstrom Rack, RSU, tax obligations