Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | JWN | Common Stock | Award | $1.34M | +54.2K | +121.38% | $24.82 | 98.8K | May 26, 2022 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Restricted Stock Units vesting in two equal installments on June 10, 2024 and June 10, 2025. The number of RSUs awarded is a function of target award value and the fair value of an RSU. The fair value of anRSU 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 therisk-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. |
F2 | The grant price was equal to the closing price of the issuer's common stock on May 26, 2022. |