Form 4: Nordstrom Executive Peter E. Nordstrom Reports Stock Transactions

Peter E. Nordstrom, a key executive at Nordstrom Inc., has reported multiple transactions involving the company's common stock, including acquisitions, disposals, and conversions of performance share units and restricted stock units.

Summary

• Peter E. Nordstrom, President and Chief Brand Officer at Nordstrom Inc., filed a Form 4 detailing several transactions involving the company's stock.
• These transactions include the acquisition of 5,434 shares of common stock at $23.99 per share, and the disposal of 5,434 shares at the same price.
• The transactions also involve the conversion of performance share units and restricted stock units into common stock, with some shares being forfeited to cover tax obligations.
• The report also details shares held in various trusts and retirement plans, including those for his wife and children.
• The reporting person disclaims beneficial ownership of the securities held within the trusts.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no indication of positive or negative sentiment.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities held within this trust.
• This Form 4 shall not be deemed an admission that the reporting person is the beneficial owner of the securities held within this trust for purposes of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the retail industry and required by securities regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Nordstrom, and are comparable to similar filings by executives at other retail companies such as Macy's (M), Kohl's (KSS), and Target (TGT).
• The transactions reported are typical for executive compensation, involving the vesting and conversion of stock-based awards, similar to what is seen in other large retail corporations.
• The use of trusts for holding shares is also a common practice for executives at this level.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of routine executive compensation and tax obligations.

Key Dates

Keywords

Nordstrom, Stock Transactions, Form 4, Peter E. Nordstrom, Performance Share Units, Restricted Stock Units, Common Stock, Executive Compensation, Insider Trading