Key facts
- This page summarizes Peter E. Nordstrom's Form 4 filing for NORDSTROM INC (JWN).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 11 Mar 2024, 16:46.
Peter E. Nordstrom - 07 Mar 2024 Form 4 Insider Report for NORDSTROM INC (JWN)
- Reporting relationship
- Pres. & Chief Brand Officer, Director
- Issuer ticker
- JWN
- Reported as of
- 07 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 11 Mar 2024, 16:46:05 UTC
- Prior SEC filing
- 11 Dec 2023
- Next SEC filing
- 13 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- Brian B. DeFoe, Attorney-in-Fact for Peter E. Nordstrom
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Peter E. Nordstrom filed Form 4 for NORDSTROM INC (JWN) on 11 Mar 2024.
Change
- Previous filing in this sequence was filed on 11 Dec 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
JWN
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +103,760
- Change %
- +4.2%
- Price
- $0.000000
- Shares after
- 2,575,248
- Date
- 07 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
JWN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 38,093
- Date
- 07 Mar 2024
- Ownership
- By 401(k) Plan, per Plan statement dated 2/29/2024
JWN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 511
- Date
- 07 Mar 2024
- Ownership
- By wife 401 (k) Plan, per Plan statement dated 2/29/2024
JWN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 175,533
- Date
- 07 Mar 2024
- Ownership
- By wife.
JWN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 24,530
- Date
- 07 Mar 2024
- Ownership
- By self as trustee for benefit of child.
JWN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 24,530
- Date
- 07 Mar 2024
- Ownership
- By self as trustee for benefit of second child
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
JWN
transaction
Derivative
Performance Share Units
Award
- Transaction value
- $0
- Shares
- +113,156
- Change %
- Price
- $0.000000
- Shares after
- 113,156
- Date
- 07 Mar 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 113,156
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Restricted Stock Unit vesting in three equal annual installments commencing on March 10, 2025. The number of RSUs awarded is a function of established long-term incentive award levels, an RSU long-term incentive (LTI) percentage, 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 = (base pay x RSU LTI%) / RSU fair value.
Footnote F2
Each Performance Share Unit (PSU) represents a contingent right to receive 1 share of the Company's common stock. The PSUs may be earned over a 3-year period from FY 2024 through FY 2026, depending on the achievement of certain metrics. The number of PSUs to be awarded is a function of established long-term incentive award levels, a PSU LTI% and the fair value of a PSU. The fair value of a PSU 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 PSUs granted is: number of PSUs = (base pay x PSU LTI%) / PSU fair value. The percentage of PSUs that will actually be earned at the end of each year within the 3-year period is based upon the Company's sales and earnings before interest and tax (EBIT) margin results over that year.
Footnote F3
One third of the total target number of PSUs will be allocated to three separate 1-year performance cycles. The minimum percentage of PSUs that can be earned at the end of each year is 0% and the maximum is 175% based on achievement against Company sales and earnings before interest and tax (EBIT) margin results at the end of each year. The total percentage of PSUs that can be earned at the end of the 3-year period ranges from 0%-175%.