Form 4: Nordson Corp Executive Vice President James E. DeVries Reports Share Transactions
SEC Form 4 Filing
Executive Vice President of Nordson Corp, James E. DeVries, reports the withholding of shares to cover taxes upon vesting of restricted stock units.
Summary
- James E. DeVries, an Executive Vice President at Nordson Corp, reported transactions involving the company's stock.
- These transactions occurred on November 29, 2024, and involved the withholding of shares to cover taxes due upon the vesting of restricted stock units.
- Specifically, 106 shares were withheld at a price of $260.99 per share related to the vesting of restricted share units awarded on December 1, 2022.
- Additionally, 107 shares were withheld at the same price of $260.99 per share related to the vesting of restricted share units awarded on December 1, 2023.
- Following these transactions, Mr. DeVries directly owns 48,930 shares and indirectly owns 2,303 shares through the Company Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to executive stock transactions, and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies.
Comparison to Industry Standards
- The vesting of restricted stock units and the subsequent withholding of shares for taxes is a common practice in executive compensation across various industries.
- Many companies use similar stock plans to align executive interests with shareholder value.
- The specific vesting schedule of 1/3 increments over 3 years is also a fairly standard approach.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 12/01/2022 | Date of the restricted share unit award where 106 shares were withheld for taxes. |
| 12/01/2023 | Date of the restricted share unit award where 107 shares were withheld for taxes. |
| 11/29/2024 | Date of the reported share transactions. |
| 12/03/2024 | Date the form was signed. |
Keywords
Nordson Corp, Executive Vice President, James E. DeVries, share transactions, restricted stock units, vesting, Form 4, insider trading
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