4//SEC Filing
Chandler Fanya 4
Accession 0000072333-24-000017
CIK 0000072333other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 4:45 PM ET
Size
11.2 KB
Accession
0000072333-24-000017
Insider Transaction Report
Form 4
Chandler Fanya
President, Nordstrom Stores
Transactions
- Award
Common Stock
2024-03-07+38,857→ 144,006 total - Tax Payment
Common Stock
2024-03-10$17.06/sh−2,655$45,294→ 141,351 total - Award
Performance Share Units
2024-03-07+42,376→ 42,376 totalFrom: 2027-03-10Exp: 2027-03-10→ Common Stock (42,376 underlying)
Holdings
- 2,797(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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.
- [F2]Represents shares withheld to satisfy the tax obligation in connection with the vesting of RSUs. The transaction is exempt pursuant to Rule 16b-3(e) of the '34 Act.
- [F3]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.
- [F4]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%.
Documents
Issuer
NORDSTROM INC
CIK 0000072333
Entity typeother
Related Parties
1- filerCIK 0001994676
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 4:45 PM ET
- Size
- 11.2 KB