Form 4: Peter E. Nordstrom Reports Changes in Beneficial Ownership of Nordstrom Inc. Stock

Peter E. Nordstrom, President & Chief Brand Officer of Nordstrom Inc., reports acquisition and disposal of company stock and derivative securities.

Summary

• On March 10, 2025, Peter E. Nordstrom acquired 51,109 shares of Nordstrom Inc. common stock upon conversion of Performance Share Units (PSUs) at a price of $24.42 per share.
• On the same day, he disposed of 25,111 shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs) and PSUs, also at $24.42 per share.
• Additionally, 19,427 Performance Share Units were forfeited because performance targets were not met.
• Following these transactions, Nordstrom directly owns 2,666,553 shares of common stock.
• He also has indirect ownership through various trusts and plans, including a 401(k) plan, his wife's holdings, and trusts for his children.
• The reported transactions are exempt under Rule 16b-3 of the Exchange Act.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions. The forfeiture of PSUs suggests some performance targets were not met, but overall, the filing itself doesn't convey strong positive or negative sentiment.

Negatives

• 19,427 Performance Share Units were forfeited because performance targets were not met.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The transactions reported are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates