Nordson (NDSN) EVP corrects Form 3 holdings and reports RSU tax withholdings
Rhea-AI Filing Summary
Nordson Corporation executive Justin E. Hall, an EVP, reported updated share ownership and routine tax-related share withholdings. The filing clarifies that his prior Form 3 on March 29, 2025 should have shown 1,216 directly held shares, including 700 unvested restricted share units (RSUs) that were inadvertently omitted. These RSUs come from grants of 133 RSUs on December 1, 2022; 152 RSUs on December 1, 2023; 410 RSUs on September 1, 2024; and 144 RSUs on December 1, 2024 under the company’s stock plan.
On December 1, 2025, 17 RSUs from the 2022 grant and 19 RSUs from the 2023 grant were withheld at $235.03 per share to cover taxes due upon vesting, leaving 1,180 shares held directly. Hall also has 320 shares attributable to his participation in the company savings plan, which are reported as indirectly owned.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | NDSN | 17 | $235.03 | $4K |
| Tax Withholding | NDSN | 19 | $235.03 | $4K |
| holding | NDSN | -- | -- | -- |
| holding | NDSN | -- | -- | -- |
Footnotes (1)
- On March 29, 2025, Form 3 was filed by reporting owner reflecting a total a 516 directly-held shares of the Company'. Due to an administrative oversight, an additonal 700 unvested restricted share units ("RSUs") were inadvertently omitted from the total of directly-held shares. The correct total of direclty-held shares held by the reporting person at the time of the filing of his Form 3 was 1216, as reflected herein. Moreover, the unvested RSUs are derived from the following equity grants made under the Company's stock plan: 1) December 1, 2022, the Company awarded 133 RSUs vesting in 1/3 increments over a 3-year period; 2) December 1, 2023 the Company awarded 152 RSUs vesting in 1/3 increments over a 3-year period; 3) September 1, 2024, the Company awarded 410 RSUs vesting in full on September 1, 2026; and 4) December 1, 2024 the Company awarded 144 RSUs vesting in 1/3 increments over a 3-year period. On December 1, 2022 the Company awarded 133 restricted share units under the Company's stock plan vesting in 1/3 increments over a 3-year period. 17 of the restricted share units were withheld to cover withholding taxes due upon vesting. On December 1, 2023 the Company awarded 152 restricted share units under the Company's stock plan vesting in 1/3 increments over a 3-year period. 19 of the restricted share units were withheld to cover withholding taxes due upon vesting. Represents the number of shares attributable to the reporting person's participation in the Company Savings Plan, exempt pursuant to Rule 16b-3(c).
FAQ
What did Nordson (NDSN) disclose in this Form 4 for its executive?
The filing shows that EVP Justin E. Hall updated his beneficial ownership to reflect 1,216 directly held shares, including 700 previously omitted unvested RSUs, and reported tax-related share withholdings on vested RSUs.
What correction did Nordson (NDSN) make to Justin E. Hall’s prior Form 3?
The explanation states that the original Form 3 on March 29, 2025 showed only 516 directly held shares. An additional 700 unvested RSUs were inadvertently omitted, so the correct total at that time was 1,216 directly held shares.
Why were some Nordson (NDSN) RSUs withheld from Justin E. Hall on December 1, 2025?
The filing notes that 17 RSUs from the 2022 grant and 19 RSUs from the 2023 grant were withheld to cover withholding taxes due upon vesting at a price of $235.03 per share.