Form 4: Nordson Corp Interim CFO Stephen F. Shamrock Reports Share Disposal for Tax Obligations

Stephen F. Shamrock, Interim CFO of Nordson Corp, reports the disposal of 46 shares to cover withholding taxes on vested restricted share units.

Summary

• On March 26, 2024, Stephen F. Shamrock, Interim CFO of Nordson Corp, filed a Form 4 with the SEC.
• The report details a transaction on March 22, 2024, where 46 shares of Nordson Corp (NDSN) were disposed of to cover withholding taxes.
• These shares were related to restricted share units awarded on March 22, 2022, which vest in 1/3 increments over three years.
• The disposal price was $268.52 per share.
• Following the transaction, Shamrock directly owns 1,525 shares of Nordson Corp.
• The report also notes that 46 share units were withheld for withholding taxes prior to November 1, 2023, the date Shamrock became a Section 16 filer.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for company insiders reporting transactions in their company's stock. This filing indicates a routine transaction to cover tax obligations related to vested equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates