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Nordson Executive Compensation (FY25)

NDSN · Westlake, OH · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): March 4, 2026
15 filings cited on this page
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Published by Velarion Company Intelligence
Nordson brief$1,500Get the executive brief
471 figures on this page: 460 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Sundaram Nagarajan
Median of the other named officers
$2,228,140
5 officers, excluding the chief executive
Latest say-on-pay support
=
March 2, 2026
Chief executive pay ratio
◇
To the median employee

More on Nordson

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Sundaram Nagarajan: $8,566,276 → $8,153,900 (4.8% lower)
Say-on-pay support: 97.3% → 95.1% (2.2 points lower)
CEO pay ratio: 119:1 → 130:1 (9.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Nordson's chief executive and what were they paid?
Sundaram Nagarajan, President and Chief Executive Officer, received $8,153,900 in total compensation for fiscal 2025. Nagarajan's total was 4.8% lower than the $8,566,276 reported for fiscal 2024.
What was Nordson's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held March 2, 2026.
Which companies are in Nordson's peer group?
Companies named in the disclosed peer group include Advanced Energy Industries, Inc., AMETEK, Inc., Barnes Group Inc., Chart Industries, Inc. and Crane Company, among others.
What is Nordson's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 130:1, against median employee compensation of $62,650.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sundaram Nagarajan
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Joseph Kelley
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇— not reconciled
Stephen Lovass
Executive Vice President, Industrial Precision Solutions
◇—◇◇◇—◇— not reconciled
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sundaram Nagarajan
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Joseph Kelley
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Jeffrey Pembroke
Executive Vice President, Industrial Precision Solutions
◇—◇◇◇◇◇◇
James DeVries
Executive Vice President, Continuous Improvement
◇—◇◇◇◇◇◇
Stephen Lovass
Executive Vice President, Medical and Fluid Solutions
◇—◇◇—◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sundaram Nagarajan
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Joseph Kelley
Executive Vice President
◇—◇◇◇◇◇◇
Daniel Hopgood
Executive Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
Stephen Lovass
Executive Vice President
◇—◇◇◇◇◇◇
Jennifer McDonough
Executive Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Stephen Shamrock
Vice President and Chief Accounting Officer and Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇◇◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sundaram Nagarajan
President and Chief Executive Officer
◇—◇◇◇◇◇◇
Joseph Kelley
Executive Vice President
◇—◇◇◇◇◇◇
Stephen Lovass
Former Executive Vice President
Departed during or after this year
◇—◇◇◇◇◇◇
Daniel Hopgood
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Srinivas Subramanian
Executive Vice President
◇—◇◇◇◇◇◇
Jennifer McDonough
Executive Vice President
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Daniel HopgoodOptions/SARs◇——◇—◇◇
Daniel HopgoodRSU◇——◇——◇
Daniel HopgoodPSU◇◇◇◇◇—◇
HopgoodRSU◇——◇——◇
HopgoodPSU◇◇◇—◇—◇
HopgoodOPTION◇——◇—◇◇
Jennifer McDonoughRSU◇——◇——◇
Jennifer McDonoughRSU◇——◇——◇
Jennifer McDonoughPSU◇◇◇◇◇—◇
Jennifer McDonoughOptions/SARs◇——◇—◇◇
Joseph KelleyRSU◇——◇——◇
Joseph KelleyPSU◇◇◇◇◇—◇
Joseph KelleyOptions/SARs◇——◇—◇◇
KelleyRSU◇——◇——◇
KelleyPSU◇◇◇—◇—◇
KelleyOPTION◇——◇—◇◇
McDonoughPSU◇◇◇—◇—◇
McDonoughRSU◇——◇——◇
McDonoughOPTION◇——◇—◇◇
McDonoughRSU◇——◇——◇
NagarajanOPTION◇——◇—◇◇
NagarajanRSU◇——◇——◇
NagarajanPSU◇◇◇—◇—◇
Srinivas SubramanianRSU◇——◇——◇
Srinivas SubramanianOptions/SARs◇——◇—◇◇
Srinivas SubramanianPSU◇◇◇◇◇—◇
Srinivas SubramanianRSU◇——◇——◇
Stephen LovassRSU◇——◇——◇
Stephen LovassPSU◇◇◇◇◇—◇
Stephen LovassOptions/SARs◇——◇—◇◇
Sundaram NagarajanRSU◇——◇——◇
Sundaram NagarajanOptions/SARs◇——◇—◇◇
Sundaram NagarajanPSU◇◇◇◇◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Sundaram NagarajanOption◇—◇12/20/2034
Option◇—◇12/1/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/1/2032
RSU◇◇——
Option◇—◇11/22/2031
RSU◇◇——
Daniel HopgoodOption◇—◇12/20/2034
RSU◇◇——
RSU◇◇——
Option◇—◇6/1/2034
RSU◇◇——
RSU◇◇——
Jennifer McDonoughOption◇—◇11/22/2031
Option◇—◇12/1/2033
RSU◇◇——
RSU◇◇——
Option◇—◇12/20/2034
RSU◇◇——
RSU◇◇——
Option◇—◇12/1/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen LovassOption◇—◇12/1/2032
Option◇—◇11/22/2031
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇8/1/2032
Joseph KelleyRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/20/2034
RSU◇◇——
Option◇—◇12/1/2033
Option◇—◇12/1/2032
RSU◇◇——
RSU◇◇——
Option◇—◇11/22/2031
RSU◇◇——
Srinivas SubramanianRSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/20/2034
RSU◇◇——
RSU◇◇——
Option◇—◇12/1/2033
RSU◇◇——
RSU◇◇——
Option◇—◇12/1/2032
RSU◇◇——
Option◇—◇11/22/2031
Option◇—◇8/1/2032
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Victor Richey Jr
Board chair
◇◇———◇◇
Michael Merriman Jr
◇◇———◇◇
Ginger Jones
◇◇———◇◇
Frank Jaehnert
◇◇———◇◇
Christopher Mapes
◇◇———◇◇
John DeFord
◇◇———◇◇
Jennifer Parmentier
◇◇———◇◇
Milton Morris
◇◇———◇◇
Annette Clayton
◇◇———◇◇
Sundaram Nagarajan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($500,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Advanced Energy Industries, Inc. AEIS
  • AMETEK, Inc. AME
  • Barnes Group Inc. B
  • Chart Industries, Inc. GTLS
  • Crane Company CR
  • Donaldson Company, Inc. DCI
  • Entegris, Inc. ENTG
  • Graco Inc. GGG
  • ICU Medical, Inc. ICUI
  • IDEX Corporation IEX
  • Integer Holdings Corporation ITGR
  • ITT Inc. ITT
  • Keysight Technologies KEYS
  • Lincoln Electric Holdings, Inc. LECO
  • Merit Medical Systems, Inc. MMSI
  • MKS Instruments, Inc. MKSI
  • Teleflex Incorporated TFX
  • Teradyne, Inc. TER
  • Trimble Inc. TRMB
  • Vontier Corporation VNT
  • Watts Water Technologies, Inc. WTS
  • Woodward, Inc. WWD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 2, 2026=◇◇◇
2024March 4, 2025=◇◇◇
2023March 5, 2024=◇◇◇
2022February 28, 2023=◇◇◇
2021March 1, 2022=◇◇◇
2020March 2, 2021=◇◇◇
2019February 25, 2020=◇◇◇
2018March 1, 2019=◇◇◇
2017March 1, 2018=◇◇◇
2016February 28, 2017=◇◇◇
2015March 1, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Nordson disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Nordson sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
471 figures on this page: 460 cited to the filing that reported them, 11 calculated from figures it prints.
460 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000072331-26-000017
  2. 0001193125-26-014662
    2025 Outstanding Equity Awards · 2025 Summary Compensation Table · CEO Pay Ratio · Grants of Plan-Based Awards
  3. 0000072331-25-000036
  4. 0001193125-25-008068
    Summary Compensation Table For Fiscal Year 2024
  5. 0000072331-24-000049
  6. 0001193125-24-010767
    Summary Compensation Table For Fiscal Year 2023
  7. 0000072331-23-000061
  8. 0001193125-23-016893
    Summary Compensation Table
  9. 0000072331-22-000022
  10. 0001193125-21-072609
  11. 0001193125-20-051215
  12. 0001193125-19-060896
  13. 0001193125-18-068933
  14. 0001193125-17-065830
  15. 0001193125-16-490070
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Nordson executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NDSN (accessed 2026).
Short form: data: Velarion

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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers Nordson discloses

The companies named in NDSN's own disclosed peer group.

Advanced Energy Industries, Inc.AMETEK, Inc.Barnes Group Inc.Chart Industries, Inc.Crane CompanyDonaldson Company, Inc.Entegris, Inc.Graco Inc.ICU Medical, Inc.IDEX CorporationInteger Holdings CorporationITT Inc.Keysight TechnologiesLincoln Electric Holdings, Inc.Merit Medical Systems, Inc.MKS Instruments, Inc.Teleflex IncorporatedTeradyne, Inc.Trimble Inc.Vontier CorporationWatts Water Technologies, Inc.Woodward, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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