Nordson Corp Employee Benefit Plan Trading Suspended
Ticker: NDSN · Form: 8-K · Filed: Apr 26, 2024 · CIK: 72331
| Field | Detail |
|---|---|
| Company | Nordson Corp (NDSN) |
| Form Type | 8-K |
| Filed Date | Apr 26, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: employee-benefits, blackout-period, trading-suspension
Related Tickers: NDSN
TL;DR
Nordson's employee stock plans are in a blackout until May 13th - no trading for insiders.
AI Summary
Nordson Corporation announced a temporary suspension of trading under its employee benefit plans, effective April 23, 2024. This suspension is related to a blackout period that will allow for the administration of the company's equity award plans. The company expects the blackout period to conclude on or about May 13, 2024.
Why It Matters
This temporary trading suspension impacts employees who hold company stock through benefit plans, preventing them from buying or selling shares during the blackout period.
Risk Assessment
Risk Level: low — This filing is a routine administrative notice regarding employee benefit plans and does not indicate any financial distress or significant operational changes.
Key Players & Entities
- Nordson Corporation (company) — Registrant
- April 23, 2024 (date) — Effective date of suspension
- May 13, 2024 (date) — Expected end date of suspension
FAQ
What is the reason for the temporary suspension of trading?
The suspension is due to a blackout period required for the administration of Nordson Corporation's equity award plans.
When did the trading suspension become effective?
The temporary suspension of trading under the employee benefit plans became effective on April 23, 2024.
When is the trading suspension expected to end?
Nordson Corporation expects the blackout period to conclude on or about May 13, 2024.
Which plans are affected by this suspension?
The suspension applies to trading under Nordson Corporation's employee benefit plans, specifically related to equity awards.
Is this a common occurrence for Nordson Corporation?
While not explicitly stated as common, such blackout periods are typical for companies administering equity award plans.
Filing Stats: 841 words · 3 min read · ~3 pages · Grade level 13.9 · Accepted 2024-04-26 13:13:30
Filing Documents
- ndsn-20240423.htm (8-K) — 29KB
- notice.htm (EX-99.1) — 37KB
- 0000072331-24-000060.txt ( ) — 191KB
- ndsn-20240423.xsd (EX-101.SCH) — 2KB
- ndsn-20240423_lab.xml (EX-101.LAB) — 21KB
- ndsn-20240423_pre.xml (EX-101.PRE) — 12KB
- ndsn-20240423_htm.xml (XML) — 3KB
04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. On April 23, 2024, Nordson Corporation (the " Company ") received a notice required by Section 101(i)(2)(E) of the Employment Retirement Income Security Act of 1974 from the plan administrator of the Nordson Employees' Savings Trust Plan and Nordson Hourly Rated Employees' Savings Trust Plan (the " Plans "). The notice informed the Company of a blackout period in which participants and beneficiaries in the Plans temporarily will be unable to exercise certain rights otherwise available to them under the Plans. During the blackout period, the Plans' participants and beneficiaries will be unable to: (i) purchase, sell, or otherwise acquire or transfer funds into or out of any of the investment alternatives in the Plans, including Company common shares; (ii) change allocations for future contributions, make payroll percentage elections, or designate beneficiaries in the Plans; (iii) receive distributions or withdrawals from, or terminate their participation in, the Plans; (iv) receive loans from the Plans; or (v) make rollover contributions into the Plans. The blackout period is required due to the need to administratively process the migration of the Plans from the recordkeeping platform of John Hancock to the recordkeeping platform of Fidelity Investments. On April 26, 2024, the Company delivered to its directors and officers who are subject to Section 16 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), a notice required by Rule 104 of the Securities and Exchange Commission Regulation Blackout Trading Restriction (" Regulation BTR "). The Regulation BTR notice imposes a blackout period on such directors and officers during which they will be prohibited from directly or indirectly purchasing, selling, or otherwise acquiring or transferring any Company common shares or derivative securities with respect to Company common shares acquired in connection with t
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 * Regulation BTR Blackout Notice dated April 25, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORDSON CORPORATION Date: April 26, 2024 By: /s/ Jennifer L. McDonough Jennifer L. McDonough Executive Vice President, General Counsel & Secretary