Sundaram Nagarajan

President and Chief Executive Officer at Nordson Corp

Since August 1, 2019

Age

62 years

Tenure

Joined NDSN on August 1, 2019, and has served as President and Chief Executive Officer while also being a member of the Board of Directors since that date.

Also at Nordson Corp

DRH

Daniel R. Hopgood

Executive Vice President and Chief Financial Officer

JED

James E. DeVries

Executive Vice President

JLM

Jennifer L. McDonough

Executive Vice President, General Counsel, and Secretary

About

Sundaram Nagarajan is the President and Chief Executive Officer at Nordson Corporation, serving in this role since August 1, 2019. His leadership at the company has been marked by strategic decision-making and overseeing comprehensive initiatives that underscore his commitment to driving the firm’s success.

Before his tenure at Nordson, he held significant roles at Illinois Tool Works Inc., where he was the Executive Vice President for both the Automotive OEM and Welding segments, showcasing his expertise in managing complex operational strategies. His extensive board memberships, including with Wesco International and Sonoco Products Company, further highlight his well-rounded background in corporate governance.

At age 62 as of October 31, 2024, he brings a wealth of experience and a robust track record in industrial leadership to his role at Nordson. His career reflects a deep commitment to excellence and innovation, reinforcing his standing as a respected leader in the manufacturing and industrial sectors.

$NDSN Performance Under Sundaram Nagarajan

Past Roles

Organization	Role	Date Range	Details
Sonoco Products Company	Board of Directors Member	2015 - 2022	Served on the board until 2022
Illinois Tool Works Inc.	Executive Vice President, ITW Automotive OEM Segment	2015 - 2019	Oversaw the Automotive OEM segment
Illinois Tool Works Inc.	Executive Vice President, ITW Welding Segment	2010 - 2015	Managed the Welding segment

External Roles

Organization	Role	Date Range	Details
Wesco International, Inc.	Director	Current	Serves on the audit committee

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,010,000	Annual	Fixed base salary for 2024
Company Contributions to Tax-Qualified and Non-Qualified Plans	$79,965	Annual	Contributions made to both tax-qualified and non-qualified plans
Perquisites	$13,956	Annual	Includes Financial Planning: $5,000, Business and Airline Club Dues: $6,451, Executive Physicals: $2,505
Company Match of Charitable Contributions	$18,000	Annual	Fixed company match contribution for charitable donations

Performance Compensation

Data from FY 2024

Annual Cash Incentive Award (Cash-Based)

Metric Category	Business Segment	Weight (%)	Threshold Amount	Target Amount	Maximum Amount	Additional Details
Organic Revenue	Corporate	40	$2,390 million	$2,655 million	$2,921 million	Revenue performance measured annually
	IPS	40	$1,167 million	$1,297 million	$1,427 million
	MFS	40	$618 million	$687 million	$755 million
	ATS	40	$610 million	$678 million	$746 million
Base Business Operating Profit	Corporate	60	$592 million	$697 million	$801 million	Operating profit performance measured annually
	IPS	60	$396 million	$465 million	$535 million
	MFS	60	$174 million	$205 million	$235 million
	ATS	60	$111 million	$131 million	$150 million

Payout Opportunity: Target payout is 120% of base salary, amounting to $1,212,000.
Vesting & Evaluation: Award paid out after fiscal year-end based on annual performance.
Notes: No specific grant date as the award is cash-based.

2024-2026 Performance Share Unit (PSU) Award (Equity-Based)

Performance Measure	Weight (%)	Threshold	Target	Maximum	Additional Details
EPS Growth	40	N/A	7%	14%	Measured annually; overall performance averaged over 3 years
ROIC	30	9%	13%	17%	Return on invested capital assessment
EBITDA Margin	30	26%	30%	34%	EBITDA margin performance indicator

Grant Details:
- Grant Date: December 1, 2023.
- Grant Date Fair Value: $2,979,948.
- Grant Date Stock Price: $238.80 per share.
Payout Shares:

Performance Level	Number of Shares
Threshold	3,245
Target	12,980
Maximum	25,960

Vesting & Evaluation:
- Vesting occurs based on achievement of the three-year performance metrics (2024–2026) with the target earned date on October 31, 2026.
- Performance is assessed on an annual basis with overall attainment determined as the average performance over the 3-year period.

Additional Performance-Based Equity Awards

Stock Options (2024):
- Grant Date: December 1, 2023.
- Grant Date Fair Value: $1,740,010.
- Exercise Price: $238.80 per share.
- Vesting: 25% vest annually over four years; forfeiture of unvested options upon voluntary termination.
- Expiration: 10 years from the grant date (December 1, 2033).
- Note: Not tied to specific performance metrics; value depends on stock price appreciation.
Restricted Share Units (RSUs, 2024):
- Grant Date: December 1, 2023.
- Grant Date Fair Value: $1,239,850.
- Number of RSUs: 5,192 units.
- Vesting: Over a three-year period; dividends accrue on underlying shares.
- Note: Service-based awards not tied to performance metrics.