Hall Kelley 4
4 · NORDSTROM INC · Filed Mar 7, 2019
Insider Transaction Report
Form 4
Hall Kelley
Treasurer
Transactions
- Award
Common Stock
2019-03-05$45.33/sh+8,307$376,556→ 28,078 total - Award
Performance Share Units
2019-03-05+2,710→ 2,710 totalFrom: 2022-03-05Exp: 2022-01-29→ Common Stock (2,710 underlying)
Footnotes (2)
- [F1]Restricted Stock Unit vesting in four equal annual installments commencing on 3/10/2020. The number of RSUs to be awarded is a function of base pay, a 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 LTI%) / RSU fair value.
- [F2]Each Performance Share Unit (PSU) represents a contingent right to receive one share of the Company's common stock. The percentage of PSUs granted that will actually be earned at the end of the three-year period is based upon the Company's free cash flow growth, earnings before interest and tax (EBIT) margin percent, and market share results over that same period.