Jason Morris - 02 Jun 2023 Form 4 Insider Report for NORDSTROM INC (JWN)

Role: CTIO
Signature: Brian B. DeFoe, Attorney-in-Fact for Jason Morris
Issuer symbol: JWN
Transactions as of: 02 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2023, 14:32:30 UTC
Previous filing: 08 May 2023
Next filing: 11 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JWN	Common Stcok	Award	$0	+211,366		$0.000000	211,366	02 Jun 2023	Direct	F1
transaction	JWN	Common Stcok	Award	$0	+55,668	+26%	$0.000000	267,034	02 Jun 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units vesting 33% on June 10, 2024, 33% on June 10, 2025 and 34% on June 10, 2026. 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.
F2	Restricted Stock Units vesting in two equal installments on June 10, 2026 and June 10, 2027. 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 Units vesting 33% on June 10, 2024, 33% on June 10, 2025 and 34% on June 10, 2026. 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.

Restricted Stock Units vesting in two equal installments on June 10, 2026 and June 10, 2027. 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.