Nordson (NDSN) EVP reports 30-share tax withholding disposition on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Siddiqui Sarah
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | NDSN | 30 | $293.44 | $9K |
Holdings After Transaction:
NDSN — 5,058 shares (Direct)
Footnotes (1)
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FAQ
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.