Form 4: Nordson Corp Executive Stephen Lovass Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Stephen Lovass reports changes in beneficial ownership of Nordson Corp shares due to tax withholding upon vesting of restricted share units and participation in the Company Savings Plan.
Summary
- On August 1, 2024, Stephen Lovass, an Executive Vice President at Nordson Corp, reported changes in his beneficial ownership of the company's stock.
- These changes are due to the withholding of 20 restricted share units to cover taxes upon vesting at a price of $243.34.
- Lovass also reported 193 shares attributable to his participation in the Company Savings Plan.
- Following these transactions, Lovass directly owns 7,359 Nordson Corp shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 08/01/2022 | Company awarded 202 restricted share units vesting in one-third increments over three years. |
| 08/01/2024 | Date of transaction: 20 Restricted Share Units were withheld to cover withholding taxes due upon vesting. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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