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
- On March 27, 2024, Ken Worzel, Chief Customer Officer of Nordstrom, acquired stock units as a dividend.
- The dividend was credited with respect to performance share units that were deferred under the Nordstrom Deferred Compensation Plan.
- Worzel acquired 62.25 stock units at a price of $19.92.
- Following the transaction, Worzel beneficially owns 6,588.65 shares of common stock.
- The stock units are convertible into Nordstrom's common stock and payable upon certain events, including retirement.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (stock unit dividend) related to executive compensation, with no indication of positive or negative performance.
Future Outlook
The stock units are convertible into issuer's common stock and payable upon the occurrence of certain events, including the reporting person's retirement from the issuer.
Industry Context
This filing is a routine disclosure of stock unit acquisition by a company executive, reflecting standard compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of transaction: Ken Worzel acquired stock units. |
| 03/29/2024 | Date of signature by Attorney-in-Fact. |
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