Peter E. Nordstrom - Dec 19, 2022 Form 4 Insider Report for NORDSTROM INC (JWN)

Role
Pres. & Chief Brand Officer, Director
Signature
Brian B. DeFoe, Attorney-in-Fact for Peter E. Nordstrom
Stock symbol
JWN
Transactions as of
Dec 19, 2022
Transactions value $
-$9,883
Form type
4
Date filed
12/21/2022, 07:09 PM
Previous filing
Mar 11, 2022
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JWN Common Stock Award $9.88K +603 +0.02% $16.39 2.47M Dec 19, 2022 Direct F1
transaction JWN Common Stock Tax liability -$9.88K -603 -0.02% $16.39 2.47M Dec 19, 2022 Direct F2
holding JWN Common Stock 483 Dec 19, 2022 By wife 401 (k) Plan, per Plan statement dated 11/30/2022
holding JWN Common Stock 36K Dec 19, 2022 By 401(k) Plan, per Plan statement dated 11/30/2022
holding JWN Common Stock 176K Dec 19, 2022 By wife.
holding JWN Common Stock 24.5K Dec 19, 2022 By self as trustee for benefit of second child
holding JWN Common Stock 24.5K Dec 19, 2022 By self as trustee for benefit of child.

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 -$9.88K -603 -0.85% $16.39 69.9K Dec 19, 2022 Common Stock 603 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.