Nordson CEO Sundaram Nagarajan's 2020 pay jumps 251% to $5.4M
Nordson reports 2020 executive compensation
By ExecPay News
Published: January 21, 2022
Nordson reported fiscal year 2020 executive compensation information on January 21, 2022.
In 2020, seven Nordson executives received on average a compensation package of $2.6M, a 12% decrease compared to previous year.
Average pay of disclosed executives at Nordson
Sundaram Nagarajan, Chief Executive Officer, received $5.4M in total, which increased by 251% compared to 2019. 39% of Nagarajan's compensation, or $2.1M, was in stock awards. Nagarajan also received $291K of change in pension value and nonqualified deferred compensation earnings, $353K in non-equity incentive plan, $1.6M in option awards, $883K in salary, as well as $103K in other compensation.
For fiscal year 2020, the median employee pay was $62,544 at Nordson. Therefore, the ratio of Sundaram Nagarajan's pay to the median employee pay was 86 to one.
Joseph P. Kelley, Chief Financial Officer, received a compensation package of $3.1M. 58% of the compensation package, or $1.8M, was in stock awards.
John J. Keane, Executive Vice President, earned $2.6M in 2020, a 19% decrease compared to previous year.
Gregory P. Merk, Executive Vice President, received $2.5M in 2020, which decreases by 2% compared to 2019.
Jeffrey A. Pembroke, Executive Vice President, earned $1.9M in 2020, a 5% decrease compared to previous year.
Gregory A. Thaxton, Chief Financial Officer, received $1.7M in 2020, which decreases by 50% compared to 2019.
Stephen P. Lovass, Executive Vice President, earned $1.1M in 2020, a 10% increase compared to previous year.
Nordson's fiscal year ends on October 31.
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Source: SEC filing on January 21, 2022.