Form 4: Nordson Corp Executive Vice President Joseph P. Kelley Reports Share Transaction

Executive Vice President of Nordson Corp, Joseph P. Kelley, reports the withholding of 162 shares to cover taxes upon vesting of restricted share units.

Summary

• Joseph P. Kelley, an Executive Vice President at Nordson Corp, reported a transaction involving the company's stock.
• On November 22, 2024, 162 shares were withheld to cover taxes due upon the vesting of restricted share units.
• These shares were part of a larger award of 1,090 restricted share units granted in 2021, which vest in thirds over three years.
• The transaction was executed at a price of $261.27 per share.
• Following the transaction, Mr. Kelley directly owns 8,497 shares of Nordson Corp.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine transaction related to executive compensation and is common in publicly traded companies.

Comparison to Industry Standards

• The vesting schedule of restricted share units over three years is a common practice in executive compensation packages.
• The withholding of shares to cover taxes upon vesting is a standard procedure to simplify tax obligations for employees.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares related to executive compensation.

Key Dates

Keywords

Nordson Corp, Executive Vice President, Joseph P. Kelley, share transaction, restricted share units, vesting, tax withholding