Form 4: Nordstrom Executive Ken Worzel Reports Stock Unit Dividend

Ken Worzel, Chief Customer Officer at Nordstrom, reports the acquisition of stock units as a dividend related to deferred performance share units.

Summary

• On June 18, 2024, Ken Worzel, Chief Customer Officer of Nordstrom, acquired 57.56 stock units as a dividend.
• These stock units are related to performance share units that were deferred under the Nordstrom Deferred Compensation Plan.
• The price of the derivative security is $21.75.
• Following the transaction, Worzel directly owns 6,646.21 derivative securities.
• The stock units are convertible into Nordstrom's common stock and payable upon certain events, including retirement.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a stock unit dividend, which is neutral in sentiment.

Positives

• The acquisition of stock units as a dividend indicates continued participation in the company's compensation plan.

Future Outlook

The stock units are convertible into Nordstrom's common stock and payable upon the occurrence of certain events, including the reporting person's retirement from the issuer.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Nordstrom.

Stakeholder Impact

• The transaction affects the executive's holdings in the company, which may be of interest to shareholders.

Key Dates