Cathy R. Smith - Jun 2, 2023 Form 4 Insider Report for NORDSTROM INC (JWN)

Role: Chief Financial Officer
Signature: Brian B. DeFoe, Attorney-in-Fact for Cathy Smith
Stock symbol: JWN
Transactions as of: Jun 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/6/2023, 02:36 PM
Previous filing: Jun 2, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JWN	Common Stcok	Award	$0	+253K		$0.00	253K	Jun 2, 2023	Direct	F1
transaction	JWN	Common Stcok	Award	$0	+169K	+66.94%	$0.00	422K	Jun 2, 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 Unit vesting 55% on June 10, 2024, 25% on June 10, 2025 and 20% 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, 2025 and 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.

Content

Restricted Stock Unit vesting 55% on June 10, 2024, 25% on June 10, 2025 and 20% 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, 2025 and 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.