Form 4: Nordson Corp Interim CFO Stephen F. Shamrock Reports Stock Transactions
SEC Form 4 Filing
Nordson Corp's Interim CFO, Stephen F. Shamrock, reported the withholding of shares to cover taxes related to the vesting of restricted stock units.
Summary
- Stephen F. Shamrock, the Interim CFO of Nordson Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On November 29, 2024, 22 shares were withheld to cover taxes related to the vesting of restricted stock units awarded on December 1, 2022.
- Additionally, 12 shares were withheld on the same date to cover taxes related to the vesting of restricted stock units awarded on December 1, 2023.
- The price per share for both transactions was $260.99.
- Following these transactions, Mr. Shamrock directly owns 1,491 shares of Nordson Corp stock.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to stock-based compensation, which is neither particularly positive nor negative. It is a normal part of executive compensation.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- The vesting of restricted stock units and the subsequent withholding of shares for taxes are standard practices in executive compensation across various industries.
- Many companies, such as those in the S&P 500, use similar stock-based compensation plans to align executive interests with shareholder value.
- The specific number of shares and vesting schedules vary by company and executive role, but the underlying principles are consistent.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- The transactions do not have a material impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/01/2022 | Date of the grant of 221 restricted share units vesting in 1/3 increments over 3 years. |
| 12/01/2023 | Date of the grant of 116 restricted share units vesting in 1/3 increments over 3 years. |
| 11/29/2024 | Date of the reported stock transactions where shares were withheld for tax purposes. |
| 12/03/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Nordson Corp, Stephen F. Shamrock, stock transactions, restricted stock units, insider trading, beneficial ownership, tax withholding
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