Form 4: Nordstrom Executive Ken Worzel Reports Stock Unit Dividend
SEC Form 4 Filing
Chief Customer Officer of Nordstrom, Ken Worzel, reports the acquisition of stock units as a dividend related to deferred performance share units.
Summary
- Ken Worzel, Chief Customer Officer of Nordstrom, filed a Form 4 on September 20, 2024, reporting changes in beneficial ownership.
- The report indicates the acquisition of 55.97 stock units on September 18, 2024, as a dividend.
- These stock units are related to performance share units that were deferred under the Nordstrom Deferred Compensation Plan.
- The stock units are convertible into Nordstrom's common stock and payable upon certain events, including retirement.
- Following the reported transaction, Worzel directly owns 6,702.18 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Transaction date: Acquisition of stock units. |
| 09/20/2024 | Date of Form 4 filing. |
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