Form 4: Nordstrom Executive Ken Worzel Reports Stock Purchase

Ken Worzel, Chief Customer Officer at Nordstrom, reports the purchase of 1,000 shares of common stock under the Employee Stock Purchase Plan.

Summary

• On March 31, 2025, Ken Worzel, Chief Customer Officer of Nordstrom, purchased 1,000 shares of Nordstrom common stock.
• The purchase was made under the Employee Stock Purchase Plan at a price of $22.01 per share.
• Following the transaction, Worzel directly owns 280,752 shares of Nordstrom common stock.
• Worzel also indirectly owns 5,697 shares through a 401(k) plan as of February 28, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. An executive purchasing shares signals confidence, but it's a routine transaction under an existing plan.

Positives

• Executive's participation in the Employee Stock Purchase Plan indicates confidence in the company.
• Increased ownership aligns executive's interests with those of shareholders.

Industry Context

Executive stock purchases are common and often viewed positively as they align management's interests with shareholders. This purchase is part of a standard employee benefit program.

Stakeholder Impact

• The stock purchase could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Nordstrom, Ken Worzel, stock purchase, Employee Stock Purchase Plan, JWN, Form 4, executive, ownership