Form 4: Nordstrom Executive James F. Nordstrom, Jr. Reports Beneficial Ownership Changes and Joins 10% Owner Group
SEC Form 4 Filing
James F. Nordstrom, Jr., Chief Merchandising Officer at Nordstrom, reports his holdings and his inclusion in a 10% owner group of the company in a Form 4 filing.
Summary
- James F. Nordstrom, Jr., Chief Merchandising Officer of Nordstrom, filed a Form 4 with the SEC.
- The filing reflects his current holdings of Nordstrom stock and indicates that he has become part of a 10% owner group.
- No stock transactions are reported in this filing.
- The filing includes a power of attorney, granting certain individuals the authority to act on his behalf in matters related to SEC filings.
- He directly owns 806,098 shares of common stock.
- He indirectly owns shares through a 401(k) plan, his wife, and trusts for his minor children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders and large shareholders, providing transparency into their holdings and transactions. This filing indicates James F. Nordstrom, Jr.'s significant stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a key executive.
Key Dates
| Date | Description |
|---|---|
| 2/29/2024 | Date of Plan statement for 401(k) holdings. |
| 09/04/2024 | Date of Power of Attorney. |
| 09/13/2024 | Date of Earliest Transaction and Filing Date. |
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