Nordson CEO Sundaram Nagarajan's 2021 pay jumps 93% to $10M
Nordson reports 2021 executive compensation
By ExecPay News
Published: January 21, 2022
Nordson reported fiscal year 2021 executive compensation information on January 21, 2022.
In 2021, five Nordson executives received on average a compensation package of $4.5M, a 74% increase compared to previous year.
Average pay of disclosed executives at Nordson
Sundaram Nagarajan, Chief Executive Officer, received $10M in total, which increased by 93% compared to 2020. 53% of Nagarajan's compensation, or $5.4M, was in stock awards. Nagarajan also received $239K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $2M in option awards, $870K in salary, as well as $50K in other compensation.
For fiscal year 2021, the median employee pay was $65,527 at Nordson. Therefore, the ratio of Sundaram Nagarajan's pay to the median employee pay was 157 to one.
Gregory P. Merk, Executive Vice President, received a compensation package of $3.9M, which increased by 56% compared to previous year. 36% of the compensation package, or $1.4M, was in stock awards.
Jeffrey A. Pembroke, Executive Vice President, earned $3.3M in 2021, a 69% increase compared to previous year.
Joseph P. Kelley, Chief Financial Officer, received $3M in 2021, which decreases by 3% compared to 2020.
Stephen P. Lovass, Executive Vice President, earned $2.2M in 2021, a 102% increase compared to previous year.
Nordson's fiscal year ends on October 31.
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Source: SEC filing on January 21, 2022.