Form 4: Nordstrom Executive Ken Worzel Reports Share Transactions

Ken Worzel, Chief Customer Officer at Nordstrom, reports the conversion of Performance Share Units and withholding of shares for tax obligations.

Summary

• On March 10, 2025, Ken Worzel, Chief Customer Officer of Nordstrom, executed several transactions involving Nordstrom's common stock.
• Worzel converted 43,182 Performance Share Units (PSUs) into common stock at a price of $24.42 per share.
• He also had 15,995 shares withheld to satisfy tax obligations related to the vesting of PSUs at $24.42.
• An additional 9,416 shares were withheld to cover tax obligations associated with the vesting of Restricted Stock Units (RSUs) at $24.42.
• Following these transactions, Worzel directly owns 279,752 shares of Nordstrom common stock and indirectly owns 5,697 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard compensation practices and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company's stock. It's a standard practice across publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting of previously granted equity compensation and related tax obligations.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates