Lisa Price - Nov 24, 2023 Form 4 Insider Report for NORDSTROM INC (JWN)

Role: Chief Human Resources Officer
Signature: /s/ Brian B. DeFoe, Attorney-in- Fact for Lisa Price
Stock symbol: JWN
Transactions as of: Nov 24, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/28/2023, 12:19 PM
Previous filing: Nov 13, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JWN	Common Stock	Award	$0	+165K		$0.00	165K	Nov 24, 2023	Direct	F1

* 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 December 10, 2024, 33% on December 10, 2025 and 34% on December 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 Units vesting 33% on December 10, 2024, 33% on December 10, 2025 and 34% on December 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.