Form 4: Nordstrom Executive Gemma Lionello Reports Stock Transaction
SEC Form 4 Filing
Gemma Lionello, President of Nordstrom Rack, reports the withholding of shares to cover tax obligations related to vesting RSUs.
Summary
- On March 10, 2025, Gemma Lionello, President of Nordstrom Rack, reported a transaction involving Nordstrom Inc. common stock.
- 4,909 shares were withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) at a price of $24.42 per share.
- Following the transaction, Lionello directly owns 93,968 shares of Nordstrom common stock.
- Lionello also indirectly owns 22,243 shares through a 401(k) plan, as per the plan statement dated February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax obligation fulfillment related to vested equity.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 2025-02-28 | Date of 401(k) plan statement. |
| 2025-03-10 | Date of stock transaction. |
| 2025-03-12 | Date of signature on the report. |
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