Form 4: Nordstrom Executive Ken Worzel Reports Stock Unit Dividend
SEC Filing
Ken Worzel, Chief Customer Officer at Nordstrom, 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 March 27, 2025, reporting changes in beneficial ownership.
- The report details the acquisition of 52.56 stock units on March 26, 2025, as a dividend credited to deferred performance share units under the Nordstrom Deferred Compensation Plan.
- These stock units are convertible into Nordstrom's common stock upon certain events, including the reporting person's retirement.
- Following the reported transaction, Worzel directly owns 6,810.38 shares of Nordstrom common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation and investment activity by a key executive at Nordstrom.
Key Dates
| Date | Description |
|---|---|
| 03/26/2025 | Date of stock unit dividend transaction |
| 03/27/2025 | Date of Form 4 filing |
Keywords
Form 4, Nordstrom, Stock Units, Beneficial Ownership, JWN, Ken Worzel, Dividend, Deferred Compensation
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