4/A: Nordstrom Executive Peter E. Nordstrom Amends SEC Filing to Correctly Report Stock Transactions

Peter E. Nordstrom, President and Chief Brand Officer of Nordstrom, files an amended SEC Form 4 to correct previously misreported stock transactions related to the conversion of Performance Share Units and Restricted Stock Units.

Summary

• Peter E. Nordstrom, a Director, Officer (President & Chief Brand Officer), and member of a 10% Owner Group at Nordstrom Inc., filed an amended Form 4 with the SEC on March 10, 2025.
• The amendment corrects an error in the original filing from December 6, 2024, which incorrectly reported the conversion of 3,871 Restricted Stock Units and the corresponding acquisition of 3,871 shares.
• The corrected filing shows that on December 4, 2024, Nordstrom acquired 1,563 shares of Common Stock at $23.99 per share due to the conversion of Performance Share Units, which were simultaneously forfeited to cover taxes.
• Additionally, 5,434 shares were forfeited to pay FICA tax following the conversion of Performance Share Units and Restricted Stock Units.
• After these transactions, Nordstrom beneficially owns 2,571,377 shares of Common Stock.
• The transactions are exempt under Rule 16b-3(d) and Rule 16b-3(e) of the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing. The amendment suggests a minor lapse in internal controls, but it's not indicative of a major issue.

Negatives

• The need for an amended filing indicates an initial error in reporting stock transactions, which could raise concerns about internal controls.

Industry Context

SEC filings are a routine part of corporate governance, providing transparency into insider transactions. Amendments, while not uncommon, can draw scrutiny as they highlight potential weaknesses in internal reporting processes.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders regarding insider transactions.

Key Dates