0000072333-20-000041.txt : 20200311
0000072333-20-000041.hdr.sgml : 20200311
20200311152251
ACCESSION NUMBER: 0000072333-20-000041
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200309
FILED AS OF DATE: 20200311
DATE AS OF CHANGE: 20200311
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mesrobian Edmond
CENTRAL INDEX KEY: 0001639494
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15059
FILM NUMBER: 20705120
MAIL ADDRESS:
STREET 1: 10 S ALMADEN BLVD
STREET 2: 16TH FLOOR
CITY: SAN JOSE
STATE: CA
ZIP: 95113
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NORDSTROM INC
CENTRAL INDEX KEY: 0000072333
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651]
IRS NUMBER: 910515058
STATE OF INCORPORATION: WA
FISCAL YEAR END: 0201
BUSINESS ADDRESS:
STREET 1: 1617 SIXTH AVENUE
CITY: SEATTLE
STATE: WA
ZIP: 98101-4407
BUSINESS PHONE: 2066282111
MAIL ADDRESS:
STREET 1: 1617 SIXTH AVENUE
CITY: SEATTLE
STATE: WA
ZIP: 98101
FORMER COMPANY:
FORMER CONFORMED NAME: NORDSTROM BEST INC
DATE OF NAME CHANGE: 19730611
4
1
wf-form4_158395455391170.xml
FORM 4
X0306
4
2020-03-09
0
0000072333
NORDSTROM INC
JWN
0001639494
Mesrobian Edmond
1617 SIXTH AVE
SEATTLE
WA
98101
0
1
0
0
Chief Technology Officer
Common Stock
2020-03-09
4
A
0
26851
26.79
A
111652
D
Performance Share Units
2020-03-09
4
A
0
38993
0
A
2023-03-10
2023-03-10
Common Stock
38993.0
38993
D
Restricted Stock Unit vesting in four equal annual installments commencing on 3/10/2021. The number of RSUs awarded is a function of base pay, a 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.
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 2020 through FY 2022, depending on the achievement of certain metrics. The number of PSUs awarded is a function of base pay, a PSU LTI percentage 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 granted that will actually be earned at the end of the 3-year period is based upon the Company's free cash flow, earnings before interest and tax (EBIT) margin percent, and market share results over that same period.
The actual expiration date of the award may be earlier depending on results during the performance cycle.
April Standridge, Attorney-in-fact for Edmond Mesrobian
2020-03-11