Michael W. Maher - 26 May 2022 Form 4 Insider Report for NORDSTROM INC (JWN)

Role
Chief Accounting Officer
Signature
Brian B. DeFoe, Attorney-in-Fact for Michael W. Maher
Issuer symbol
JWN
Transactions as of
26 May 2022
Transactions value $
$1,344,673
Form type
4
Filing time
05 Jul 2022, 20:04:44 UTC
Previous filing
11 Mar 2022
Next filing
12 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JWN Common Stock Award $1.34M +54.2K +121.38% $24.82 98.8K 26 May 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units vesting in two equal installments on June 10, 2024 and June 10, 2025. The number of RSUs awarded is a function of target award value and the fair value of an RSU. The fair value of anRSU 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 therisk-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 The grant price was equal to the closing price of the issuer's common stock on May 26, 2022.