Nordson EVP reports small tax-related share disposition
Nordson Corporation executive Sarah Siddiqui reported a small share disposition related to taxes, not an open-market trade.
Rhea-AI Filing Summary
Nordson Corporation executive Sarah Siddiqui reported a small share disposition related to taxes, not an open-market trade. On the vesting of previously granted restricted share units, 30 NDSN shares were withheld at a price of $293.44 per share to cover withholding taxes. These shares came from a 311-unit award granted on March 1, 2023 that vests in one-third increments over three years. After this tax-withholding transaction, Siddiqui directly holds 5,058 Nordson shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 30 shares
Exercise Price or Tax Liability
1 txn
Insider
Siddiqui Sarah
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | NDSN | 30 | $293.44 | $9K |
Holdings After Transaction:
NDSN — 5,058 shares (Direct)
Footnotes (1)
- F1. On March 1, 2023 the Company awarded 311 restricted share units under the Company's stock plan vesting in 1/3 increments over a 3-year period. 30 of the restricted share units were withheld to cover withholding taxes due upon vesting.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nordson (NDSN) executive Sarah Siddiqui report?
Sarah Siddiqui reported a tax-withholding disposition of 30 Nordson shares. The shares were withheld upon vesting of restricted share units to cover withholding taxes, rather than being sold in the open market, and are part of her equity compensation package.
Was the Nordson (NDSN) insider transaction an open-market sale?
No, the filing shows a Form 4 code F tax-withholding disposition, not an open-market sale. Thirty shares were withheld by the company to satisfy tax obligations when restricted share units vested, a common administrative step in equity compensation programs.
What equity award underlies the Nordson (NDSN) Form 4 filing for Sarah Siddiqui?
The Form 4 footnote states that on March 1, 2023, 311 restricted share units were awarded to Sarah Siddiqui. These units vest in one-third increments over a three-year period, and the recent tax withholding relates to a portion of that award’s vesting.
What does transaction code F mean in the Nordson (NDSN) Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 30 shares were withheld to cover withholding taxes when restricted share units vested, rather than representing a discretionary buy or sell decision by the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.