Ken Worzel - Dec 19, 2022 Form 4 Insider Report for NORDSTROM INC (JWN)

Role
Chief Customer Officer
Signature
Brian B. DeFoe, Attorney-in-Fact for Ken Worzel
Stock symbol
JWN
Transactions as of
Dec 19, 2022
Transactions value $
-$8,343
Form type
4
Date filed
12/21/2022, 07:07 PM
Previous filing
Dec 16, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JWN Common Stock Award $8.34K +509 +0.39% $16.39 131K Dec 19, 2022 Direct F1
transaction JWN Common Stock Tax liability -$8.34K -509 -0.39% $16.39 130K Dec 19, 2022 Direct F2
holding JWN Common Stock 5.21K Dec 19, 2022 By 401(k) Plan, per Plan statement dated 11/30/2022.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JWN Performance Share Units Options Exercise -$8.34K -509 -0.86% $16.39 58.9K Dec 19, 2022 Common Stock 509 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired as a result of conversion of Performance Share Units described in Footnote (4) to this Form 4, which shares were simultaneously forfeited to pay the reporting person's federal, state and Federal Insurance Contributions Act ("FICA") tax. This transaction is exempt pursuant to Rule 16b-3(d) of the Exchange Act.
F2 Represents shares forfeited following conversion of Performance Share Units, described in Footnote (4) to this Form 4, to pay the reporting person's FICA tax. This transaction is exempt pursuant to Rule 16b-3(e) of the Exchange Act.
F3 Performance Share Units convert into common stock on a one-for-one basis.
F4 Represents the conversion of Performance Share Units to shares in order to allow for the satisfaction of a FICA tax obligation arising from the reporting person being eligible for retirement under the underlying award. This transaction is exempt pursuant to Rule 16b-3(e) of the Exchange Act.