Sundaram Nagarajan - 22 Nov 2021 Form 4 Insider Report for NORDSON CORP (NDSN)

Signature
Jennifer L. McDonough on behalf of Sundaram Nagarajan
Issuer symbol
NDSN
Transactions as of
22 Nov 2021
Net transactions value
+$9,201,884
Form type
4
Filing time
24 Nov 2021, 13:38:27 UTC
Previous filing
05 Oct 2021
Next filing
02 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDSN Common Stock Award $1,016,538 +3,800 +14% $267.51 30,901 22 Nov 2021 Direct F1, F2, F3
transaction NDSN Common Stock Tax liability $107,464 -401 -1.3% $267.99 30,500 23 Nov 2021 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NDSN Employee Stock Options (right to buy) Award $8,292,810 +31,000 $267.51 31,000 22 Nov 2021 Common Stock 31,000 $267.51 Direct F7, F8
holding NDSN Employee Stock Options (right to buy) 41,800 22 Nov 2021 Common Stock 41,800 $165.21 Direct F5
holding NDSN Employee Stock Options (right to buy) 35,100 22 Nov 2021 Common Stock 35,100 $201.50 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 22, 2021, the Company awarded 3,800 restricted share units under the Company's 2021 Stock Incentive and Award Plan. One-third of the restricted share units will vest on each November 22, 2022, 2023, and 2024, unless, with certain exceptions, the reporting person ceases to be an employee prior to the vesting date.
F2 The total holdings include 26 shares accrued from dividend payments through participation in the Company's Amended and Restated 2005 Deferred Compensation Plan.
F3 Based on a review of records, it has been determined that the number of common shares directly owned by the reporting person was overstated on the Form 4 filed on January 7, 2021 because an additional 17 common shares were used for taxes for the reporting person's performance shares earned and settled which were not reported. The total number of common shares directly held has been corrected on this Form 4.
F4 On November 23, 2020, the Company awarded 4,100 restricted share units under the Company's Amended and Restated 2012 Stock Incentive and Award Plan. One-third of the restricted share units vest on each November 23, 2021, 2022, and 2023. 401 of the 1,366 share units that vested November 23, 2021 were withheld to cover withholding taxes due upon vesting. The holdings are net of shares previously withheld or sold to cover withholding taxes.
F5 The options vest in 4 equal annual installments beginning on November 25, 2020.
F6 The options vest in 4 equal annual installments beginning on November 23, 2021.
F7 On November 22, 2021, the Company awarded 31,000 stock options under the Company's 2021 Stock Incentive and Award Plan. The options vest in 4 equal annual installments beginning on November 22, 2022. The vested portions of such options will become exercisable upon vesting.
F8 The options vest in 4 equal annual installments beginning on November 22, 2022.