Morris Jason 4
4 · NORDSTROM INC · Filed Jun 6, 2023
Insider Transaction Report
Form 4
Morris Jason
CTIO
Transactions
- Award
Common Stcok
2023-06-02+211,366→ 211,366 total - Award
Common Stcok
2023-06-02+55,668→ 267,034 total
Footnotes (2)
- [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.