Jeffrey A. Pembroke - Mar 30, 2023 Form 4 Insider Report for NORDSON CORP (NDSN)

Signature
Jennifer L. McDonough on behalf of Jeffrey A. Pembroke
Stock symbol
NDSN
Transactions as of
Mar 30, 2023
Transactions value $
-$7,025
Form type
4
Date filed
4/3/2023, 02:28 PM
Previous filing
Feb 14, 2023
Next filing
Nov 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDSN NDSN Tax liability -$2.84K -13 -0.07% $218.81 17.6K Mar 30, 2023 Direct F1
transaction NDSN NDSN Sale -$4.18K -19 -0.11% $220.04 17.6K Mar 31, 2023 Direct F2, F3
holding NDSN NDSN 145 Mar 30, 2023 Company Savings Plan F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On March 30, 2020, the Company awarded 96 restricted share units under the Company's Stock Plan, vesting in one-third (1/3) increments on each anniversary over a three (3) year period. Thirteen (13) of the restricted share units were withheld to cover withholding taxes due upon vesting.
F2 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on January 11, 2023.
F3 The total holdings include 22 shares accrued from dividend payments through participation in the Company's Deferred Compensation Plan.
F4 Represents the number of shares attributable to the reporting person's participation in the Company Savings Plan, exempt pursuant to Rule 16b-3(c).