Ann Munson Steines - May 26, 2022 Form 4 Insider Report for NORDSTROM INC (JWN)

Role: CLO, GC & Corp. Secretary
Signature: Brian B. DeFoe, Attorney-in-Fact for Ann Munson Steines
Stock symbol: JWN
Transactions as of: May 26, 2022
Transactions value $: $331,074
Form type: 4
Date filed: 5/31/2022, 06:10 PM
Previous filing: Mar 11, 2022
Next filing: Sep 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JWN	Common Stock	Award	$331K	+13.3K	+44.21%	$24.82	43.5K	May 26, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Unit vesting in two equal installments on December 10, 2023 and December 10, 2024. The number of RSUs awarded is a function of target award value and the fair value of an RSU. The fair value of an RSU is calculated as the stock price as of the effective date less the present value of Company stock dividends over the vesting period. This calculation requires the input of certain assumptions, including the risk-free interest rate and the expected Company stock dividends. The formula for determining the number of RSUs granted is: number of RSUs = target award value / RSU fair value.

Content

Restricted Stock Unit vesting in two equal installments on December 10, 2023 and December 10, 2024. The number of RSUs awarded is a function of target award value and the fair value of an RSU. The fair value of an RSU is calculated as the stock price as of the effective date less the present value of Company stock dividends over the vesting period. This calculation requires the input of certain assumptions, including the risk-free interest rate and the expected Company stock dividends. The formula for determining the number of RSUs granted is: number of RSUs = target award value / RSU fair value.