Erik Nordstrom is the CEO of Nordstrom, Inc., a major retail brand known for its strong customer service. Born in 1974, he has over 40 years of experience within the company, starting in various entry-level positions before moving up to...

Current Market Cap

$3.71B

Number of Employees

54K

Total Compensation

2019 - 2023

Trending down by -32.18% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -100.00% last year

Salary

Down by -36.79% last year

Bonus

Up by 76.67% last year

Other

Down by -100.00% last year

Year

2023

Total Compensation

$1.29M

Salary

$758.50K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and shareholder interests, with a significant portion of compensation linked to financial results.

Bonus

$530.00K

Board Justification

The performance-based annual cash bonus for Erik Nordstrom was calculated based on Incentive Adjusted EBIT, achieving a payout of 70% of the target due to actual EBIT of $718 million against a target of $858 million.

Other

$0.00

Board Justification

No additional compensation was reported for Erik Nordstrom in 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023 for Erik Nordstrom.

Performance Metrics

The performance metrics for Erik Nordstrom's compensation included Incentive Adjusted EBIT and Incentive Adjusted ROIC.

SEC Filing

From April 11, 2024