Nordson Corporation

06/28/2024 | Press release | Distributed by Public on 06/28/2024 13:14

Annual Report of Employee Stock Purchase/Savings Plan Form 11 K

Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 11-K

(Mark one)
☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period fromto

Commission file number 0-07977


A.Full title of the plan and the address of the plan, if different from that of the issuer named below:

NORDSON EMPLOYEES' SAVINGS TRUST PLAN

B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Nordson Corporation, 28601 Clemens Road, Westlake, Ohio 44145










NORDSONEMPLOYEES'SAVINGSTRUSTPLAN


FINANCIAL STATEMENTS
WITH
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

December 31, 2023and 2022






INDEX
Page
Report of Independent Registered Public Accounting Firm
1
Financial Statements:
Statement of Net Assets Available for Benefits
2
Statement of Changes in Net Assets Available for Benefits
3
Notes to Financial Statements
4
Supplemental Schedules:
Schedule of Assets Held for Investment Purposes at End of Year
11



Table of Contents
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Administrator, Retirement Committee, and Plan Participants
Nordson Employees' Savings Trust Plan
Westlake, Ohio

Opinion on the Financial Statements
We have audited the accompanying Statement of Net Assets Available for Benefits of the Nordson Employees' Savings Trust Plan ("Plan") as of December 31, 2023 and 2022, and the related Statement of Changes in Net Assets Available for Benefits for the years then ended, and the related notes and supplemental schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental Information
The supplemental information in the Schedule of Assets Held for Investment Purposes at End of Year as of December 31, 2023 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information in the accompanying schedules, we evaluated whether the supplemental information, including its form and content, is presented in conformity with Department of Labor's (DOL) Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedules is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Meaden & Moore, Ltd.
We have served as the Plan's auditor since 2006

Cleveland, Ohio
June 28, 2024
1
Table of Contents
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
Nordson Employees' Savings Trust Plan

December 31
2023 2022
ASSETS
Investments, at fair value:
$ 749,460,961 $ 682,703,532
Receivables:
Employee contributions - 267
Employer contributions 3,708,563 3,026,875
Notes receivable from participants
7,788,817 7,598,746
Dividends 398,960 421,487
Total Receivables
11,896,340 11,047,375
TOTAL ASSETS
761,357,301 693,750,907
LIABILITIES - -
NET ASSETS AVAILABLE FOR BENEFITS
$ 761,357,301 $ 693,750,907
See accompanying notes.
2
Table of Contents
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Nordson Employees' Savings Trust Plan

Year Ended December 31
2023 2022
Additions to Net Assets Attributed to:
Contributions:
Employer $ 11,811,069 $ 11,545,236
Employee 27,802,270 28,613,961
Rollover 2,444,296 5,457,946
Total Contributions
42,057,635 45,617,143
Interest income - notes receivable from participants
474,498 377,571
Investment Income (Loss):
Interest and dividend income
12,808,117 13,036,085
Net unrealized/realized appreciation (depreciation)
99,410,123 (131,733,276)
Net Investment Income (Loss)
112,218,240 (118,697,191)
Deductions from Net Assets Attributed to:
Benefits paid to participants
86,901,506 77,193,874
Expenses 396,630 328,972
Total Deductions
87,298,136 77,522,846
Net Increase (Decrease) Before Transfers
67,452,237 (150,225,323)
Transfer from Another Plan:
Nordson Hourly-Related Employees' Savings Trust Plan
154,157 135,063
Net Increase (Decrease)
67,606,394 (150,090,260)
Net Assets Available for Benefits:
Beginning of the Year
693,750,907 843,841,167
End of the Year
$ 761,357,301 $ 693,750,907
See accompanying notes.
3
Table of Contents
NOTES TO FINANCIAL STATEMENTS
1 Description of Plan
The followingdescriptionof theNordsonEmployees'SavingsTrustPlan("Plan")providesonlygeneralinformation.Participantsshould refer tothePlandocumentfor acompletedescriptionofthePlan'sprovisions.
General:
The Plan, which began March 16, 1962, is a defined contribution plan covering certain salaried, full-time and part-time, domestic employees of Nordson Corporation ("Company"). It is subject to the provisions of the EmployeeRetirementIncome SecurityActof1974("ERISA").
The Plan was restated effective January 1, 2023 to incorporate all prior amendments and to state the terms of therelated trust ina separateagreement.
Effective December 21, 2020, the assets of the Nordson Corporation Non-Union Employees Stock Ownership Plan (NUESOP) were merged into the Plan. The assets of the NUESOP became a fund within the Plan. Participants can diversify the assets within the NUESOP fund into any other funds within the Plan at any time. Only employees who were participants in the NUESOP on July 1, 2013 and whose participation has not otherwise terminated continue to be eligible for the NUESOP fund.
In 2021, the Planwasamended tocomply with the requirements of the Bipartisan Budget Act of 2018 and final Treasury Regulations regarding hardship withdrawals, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and the CoronavirusAid,ReliefandEconomicSecurity(CARES)Act.
Effective January 1, 2021, eligible employees of Fluortek, Inc. became participants in the Plan and on July1,2021, theassetsofFluortek,Inc. 401(k) SavingsPlanweremerged into thePlan.
Effective February 1, 2021, the Company finalized the sale of its screws and barrels product line. Participant balances were transferred out of the Plan to the Xaloy 401(k) Plan in 2021.
Effective March 1, 2022, the Company will make an additional 3% nonelective employer contribution on an annual basis for employees who opted out of the Nordson Salaried Employees Pension Plan and are actively employed through December 31 of each year.
Eligibility:
All salariedandnon-unionhourlydomesticemployeesoftheCompanyareeligibletobecomeactiveparticipantsinthePlanbeginningwiththefirstpayrollperiodafter completionofonehourofservice.
Contributions:
Participants may elect between 1% and 30% of their compensation to be contributed to the Plan by the Company. Participant contributions can be designated as a Roth contribution, a pre-tax contribution or a combination of the two types of participant contributions. Certain higher-paid participants may be limited to a lesser percentage. Effective January 1, 2019, unless otherwise elected, new employees will be auto-enrolled into the Plan after 30 days of employment with pre-tax contributions in an amount equal to a percentage determined by the Nordson Retirement Committee, currently 6% of their compensation.
Effective January 1, 2019, participant pre-tax contributions will automatically increase by 1% each year until a contribution rate equal to a percentage determined by the Nordson Retirement Committee is reached, currently 10%.
The automatic enrollment provision does not apply to Roth 401(k) contributions. Participants can opt out of the automatic increase program.
Post-tax Employee Contribution - Participants may elect between 1% and 5% of their compensation to be contributed to the Plan by the Company. Certain higher-paid participants may be limited to a lesser percentage.
Total pre-tax, Roth and post-tax employee contributions may not exceed 30%.
4
Table of Contents
NOTES TO FINANCIAL STATEMENTS
1 Description of Plan, Continued
Contributions, continued:
Employer Contributions - The Company makes matching contributions equal to 50% of each participant's contributions, which are attributable to the first 6% of compensation, subject to Plan restrictions. Effective July 1, 2021, the Company will also make an additional 3% nonelective employer contribution on an annual basis for employees hired or rehired on or after July 1, 2021 and actively employed through December 31 of each year.
The Company may also make additional discretionary contributions, if authorized by its Board of Directors; however, no such discretionary contributions were made for the years presented. Each year, the Company may also make discretionary contributions to the NUESOP portion of the plan. For 2023 and 2022, there were no NUESOP contributions.
Contributions from Plan participants and from the Employer are recorded in the year in which the employee contributions are withheld from compensation.

Rollover contributions from other plans are also accepted, provided certain specified conditions are met.
Contributions are subject to limitations on annual additions and other limitations imposed by the Internal Revenue Code, as defined in the Plan agreement.
Participants' Accounts:
A separateaccountineachfundismaintainedforeachparticipant.Theaccountbalancesforparticipantsareadjustedperiodicallyasfollows:
a)As of the date with respect to which the contribution was earned.
b)Daily for a pro rata share of each respective fund's net investment income, determined by the percentage increase or decrease in the value of the fund.
c)Annually for a pro rata share of forfeitures attributable to matching employer contributions, determined by the ratio that each active participant's separate account balance on the allocation date bears to the aggregate separate account balances for all active participants on the allocation date.
Vesting:
Participants arefullyvestedinallemployeecontributionsandrollovercontributionsandtherelatedgainsandlosses.Participantsvestinemployercontributions(adjustedforgainsandlosses)331/3%foreachyearofservice.
Forfeitures:
Forfeitures due to termination from the Plan before a participant is 100% vested shall be allocated to remainingparticipants.Forfeituresareavailableforallocationaftertheearlierofafive-yearperiodcommencingfromthedateonwhich the participant's employment was terminated or upon the participant requesting a distribution. Forfeituresavailable to be allocated are fully allocated to the remaining participants. Forfeitures allocated were $334,364 (2023) and $362,461 (2022). Forfeitures available to be allocated were $564,672 (2023) and $334,443 (2022).
Notes Receivable from Participants:
Notes receivable are permitted under certain circumstances and are subject to limitations. Participants may borrowfrom their fund accounts up to a maximum amount equal to the lesser of $50,000 or 50% of their vested accountbalance. Notesreceivableare repaid overaperiodnottoexceed five years.
Effective March 1, 2022 a participant is permitted to take out two loans, which may include either: Two General Purpose Loans, or One General Purpose Loan and One Residential Loan. A Residential Loan is a loan taken for the purpose of purchasing a primary residence. Participants with two outstanding General Purpose Loans as of the March 1, 2022 effective date will not be permitted to take an additional loan until one of the General Purpose Loans is repaid.
5
Table of Contents
NOTES TO FINANCIAL STATEMENTS
1 Description of Plan, Continued
Notes Receivable from Participants, continued:
Thenotesreceivablearesecuredbythebalanceintheparticipant'saccountandbearinterestatratesestablished bytheCompany. Principaland interest arepaid ratablythroughpayrolldeductions.
Payment of Benefits:
Upon retirement after age 55 or death or disability, if earlier, the balance in the separate account is paid to theparticipant or beneficiaries either in a lump sum or installments. A participant who has attained age 59 1/2 canalso elect to withdraw amounts from their separate account. Until distribution, each account shall participate in theallocationofearningsand appreciationordepreciationofassets.
If the employment of a participant is terminated for any cause other than death or total disability prior to theattainment of the age of 55 years, any distribution will be based on the number of years the participant participated inthe Plan. The portion of the account to be distributed will be equal to all the employee's contributions and relatedearnings, plus 33 1/3% of the remainder of the balance (the employer's matching contribution, forfeitures and relatedearnings) intheseparateaccountfor eachfullyear ofparticipationinthePlanup to 100%.
Benefitpaymentstoparticipantsarerecordedupondistribution.
Investment Options:
Participants can direct their contributions in 1% increments in any of the investment funds offered by the Plan.
Companymatchcontributionsmadeonbehalfofparticipantsare invested according to the participant'sinvestment elections or into the Plan's default fund if no investment elections exist.
EffectiveApril1,2021,futureinvestmentcontributionsandinvestmenttransfersintoNordsonStockarecappedat50%ofthetotal investmentsintheparticipant'saccount.
2 Summary of Significant Accounting Policies
Basis of Accounting:
The Plan's transactions are reported on the accrual basis of accounting.
Investment Valuation:
Investments are reported at fair value.Investments in equity and debt securities traded on a national exchange andmutual funds are valued at the market price on the last business day of the Plan year. Securities traded in the over-the-counter market are valued at the mean between the last reported bid and ask prices. Deposits under group annuitycontracts are valued at the fair value, as reported by the insurance companies. Guaranteed investment contracts arevalued at contract value which represents contributions and reinvested income, less any withdrawals plus accruedinterest.Contractvalue approximatesfairvalue. Common/collective funds are valued using the net asset value provided by the administrator of the fund, less liabilities.
Purchasesandsalesofsecuritiesarerecordedonatrade-datebasis.Interestincomeisrecordedontheaccrualbasis.Dividendsare recordedontheex-dividenddate.
Interest is calculated and paid using money market interest rates on late transfers of money between the various funds.Thisisdone to record the proper investmentearningswithineach fund.
Notes Receivable from Participants:
Notes receivable from participants are valued at unpaid principal balance plus any accrued, but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. No allowance for credit losses has been recorded as of December 31, 2023 or 2022. Delinquent participant loans are deemed distributions based on the terms of the Plan document.
6
Table of Contents
NOTES TO FINANCIAL STATEMENTS

2 Summary of Significant Accounting Policies, Continued
Use of Estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Plan Termination:
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue itscontributions at any timeandtoterminatethePlan subject totheprovisions of ERISA.In theevent of Plantermination, participantswill become100%vestedintheiraccounts.
Risks and Uncertainties:
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term, and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
3 Tax Status
On December 29, 2016, the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The Plan Administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, the Plan's Administrator and tax counsel believe that the Plan was qualified and the related trust was tax-exempt as of the financial statement date.
Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken uncertain tax positions that more-likely-than-not would not be sustained upon examination by applicable taxing authorities. The Plan Administrator has analyzed tax positions taken by the Plan and has concluded that, as of December 31, 2023, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions. However, currently no audits for any tax periods are in progress.
4 Fair Value Measurements
Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be reported at fair value, the Plan considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability, such as inherent risk, transfer restrictions and risk of nonperformance.
The guidance also establishes a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are described as follows:
•Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
•Level 2: Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
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NOTES TO FINANCIAL STATEMENTS
4 Fair Value Measurements, Continued
If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
•Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The asset or liability's fair value measurement level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs.
The following is a description of the valuation methodologies used to measure fair value of assets held in the Plan. There have been no changes in the methodologies used at December 31, 2023 or 2022.
Mutual Funds: The mutual funds are public investment vehicles valued using the net asset value ("NAV") provided by the administrator of the fund. The NAV is based on the value of the underlying assets owned by the fund. The NAV is a quoted price in an active market, thus the mutual funds are classified within Level 1 of the hierarchy.
Money Market Funds: The money market funds are public investment vehicles that are valued with a NAV of $1. This NAV is a quoted price in an active market, thus these investments are classified within Level 1 of the hierarchy.
Common/Collective Funds: Common/collective funds are public investment vehicles valued using the NAV provided by the administrator of the fund. The NAV is based on the value of the assets owned by the funds, less liabilities. Participant transactions (purchases and sales) may occur daily. Were the Plan to initiate a full redemption of the common/collective funds, the investment advisor reserves the right to temporarily delay withdrawal from the funds in order to ensure that securities liquidations will be carried out in an orderly business manner. These investments are not quoted on an active market.
Nordson Corporation Common Stock: The stock is valued at the closing price reported on the NASDAQ stock exchange and is classified within Level 1 of the hierarchy.
Investment Contract: This is an investment in a group annuity contract with Mass Mutual, which guarantees a fixed interest rate each year. The asset is valued at the fair value, as reported by Mass Mutual. This contract does not hold any specific assets. This investment is classified within Level 3 of the hierarchy.
Annuity: This annuity is invested with National Western Life. The asset is valued at contract value, as reported byNational Western Life. ThisinvestmentisclassifiedwithinLevel3ofthehierarchy.
Investments measured at fair value on a recurring basis consisted of the following types of instruments as of December 31, 2023:
Fair Value Measurements Using Input Type:
Level 1
Level 2
Level 3
Total
Money Market Funds
$ 24,644,411 $ - $ - $ 24,644,411
Mutual Funds
185,806,700 - - 185,806,700
Investment Contract
- - 58,725,459 58,725,459
Annuity - - 79,182 79,182
Nordson Corporation Common Stock
151,843,923 - - 151,843,923
Total Investments in the Fair Value Hierarchy
$ 362,295,034 $ - $ 58,804,641 421,099,675
Investments measured at Net Asset Value:
Common/Collective Funds
328,361,286
Total Investments at Fair Value
$ 749,460,961

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Table of Contents
NOTES TO FINANCIAL STATEMENTS
4 Fair Value Measurements, Continued
Investments measured at fair value on a recurring basis consisted of the following types of instruments as of December 31, 2022:
Fair Value Measurements Using Input Type:
Level 1
Level 2
Level 3
Total
Money Market Funds
$ 22,680,747 $ - $ - $ 22,680,747
Mutual Funds
159,692,170 - - 159,692,170
Investment Contract
- - 61,136,702 61,136,702
Annuity - - 76,137 76,137
Nordson Corporation Common Stock
154,147,395 - - 154,147,395
Total Investments in the Fair Value Hierarchy
$ 336,520,312 $ - $ 61,212,839 397,733,151
Investments measured at Net Asset Value:
Common/Collective Funds
284,970,381
Total Investments at Fair Value
$ 682,703,532
The table below sets forth the changes in fair value of the Plan's Level 3 assets for the year ended December 31, 2023:

Investment Contract Annuity Total
Balance - Beginning of the Year
$ 61,136,702 $ 76,137 $ 61,212,839
Investment income 1,804,546 3,045 1,807,591
Sales/share redemptions $ (4,215,789) $ (4,215,789)
Balance - End of the Year
$ 58,725,459 $ 79,182 $ 58,804,641
The table below sets forth the changes in fair value of the Plan's Level 3 assets for the year ended December 31, 2022:

Investment Contract Annuity Total
Balance - Beginning of the Year
$ 59,356,022 $ 73,208 $ 59,429,230
Investment income 1,780,680 2,929 1,783,609
Balance - End of the Year
$ 61,136,702 $ 76,137 $ 61,212,839

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NOTES TO FINANCIAL STATEMENTS
4 Fair Value Measurements, Continued
The following table represents the Plan's Level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments, and the significant unobservable inputs and the ranges of value for those inputs as of December 31, 2023 and December 31, 2022:

Instrument

Fair Value

Principal Valuation Technique
Unobservable Inputs
Range of Significant Input Values
Weighted Average
Investment
$58,725,459
Amounts Guaranteed
3.0%
N/A
contract
(2023);
invested, less
interest rates
for 2023
$61,136,702
withdrawals,
and 2022
(2022)
plus interest at
guaranteed rate
Annuity
$79,182
Amounts Guaranteed
Two tiers, one
N/A
(2023);
invested, less
interest rates
at 4.0% and
$76,137
withdrawals, one at 6.0%
(2022)
plus interest at
(2023 & 2022)
guaranteed rate
5 Party-in-Interest Transactions
Certain legal, accounting and administrative expenses are paid by the Company. The Plan also invests in the common stock of the Company. John Hancock Retirement Plan Services ("John Hancock") provides certain administrative services to the Plan pursuant to a service agreement between the Company and John Hancock.
Plan expenses are charged directly to participants. Fees are charged monthly.
On a quarterly basis, participants will receive an administrative credit to the investment fund that incurred the charge. The credits will vary by participant based upon the investments in the participant's account. John Hancock also receives revenue from certain mutual fund companies or other investment providers pursuant to service agreements that John Hancock maintains in connection with services provided to the Plan. The revenue generated will be used for the payment of ERISA-qualified Plan administrative expenses, as determined by the Plan Administrator. To the extent the revenue received into the Plan exceeds the Plan's administrative expense, the excess will be allocated on an annual basis to participants with account balances as of March 31 of the following year.
The Plan also has arrangements with various service providers, and these arrangements qualify as party-in-interest transactions.
6 Subsequent Events
Management evaluates events occurring through the date the financial statements are available to be issued indeterminingtheaccountingforanddisclosureoftransactionsandeventsthataffectthefinancialstatements.

As of June 10, 2024, the Plan transitioned to a new recordkeeper and Trustee (Fidelity).

The investment options available in the 401(k) Plan did not change as part of the transition. Participant investments as of market close on June 7, 2024, transferred to the same investments at Fidelity (called a reregistration, or in-kind transfer) and will remain invested in the market during the transition.
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Table of Contents
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR
Form 5500, Schedule H, Part IV, Line 4i
Nordson Employees' Savings Trust Plan
EIN 34-0590250
Plan Number 002
December 31, 2023
(a) (b) Identity of Issuer, Borrower, Lessor or Similar Party (c) Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value (e) Current Value
Allspring Government Money Market Fund (Class A)
3,153,218
Shares, Money Market Fund
$ 3,153,218
Allspring Government Money Market Fund (Class Inst)
21,491,193
Shares, Money Market Fund
21,491,193
KeyBank NA Managed Guaranteed Investment Contract Fund
1,386
Shares, Guaranteed Investment Contract
41,495
Loomis Sayles Core Plus Bond Fund (Class Y)
2,133,345
Shares, Mutual Fund
24,960,136
MainStay Winslow Large Cap Growth (Class I)
7,304,165
Shares, Mutual Fund
78,373,694
Mass Mutual
3.00%
Group Annuity Contract #30237401
58,725,459
MFS Institutional International Equity Fund
662,138
Shares, Collective Fund
11,713,221
MFS International New Discovery Fund (Class R4)
577,028
Shares, Mutual Fund
17,553,181
National Western Annuities 79,182 Shares, Group Annuity Contract 79,182
*
Nordson Corporation Common Stock
574,818
Shares, Common Stock
151,843,923
Northern Trust Aggregate Bond Index Fund Non-Lending (Tier III)
26,497
Shares, Collective Fund
3,278,239
Northern Trust Collective All Country World Index (ACWI) ex-US Fund Non-Lending
8,784
Shares, Collective Fund
1,725,794
Northern Trust Collective Extended Equity Market Index Fund Non-Lending (Tier III
82,989
Shares, Collective Fund
26,316,609
Northern Trust S&P 500 Index Fund Non-Lending
191,786
Shares, Collective Fund
90,020,696
State Street Target Retirement Income Non-Lending Series Fund (Class M)
238,316
Shares, Collective Fund
3,502,295
State Street Target Retirement 2020 Non-Lending Series Fund (Class M)
591,575
Shares, Collective Fund
9,643,265
State Street Target Retirement 2025 Non-Lending Series Fund (Class M)
1,339,203
Shares, Collective Fund
23,765,489
State Street Target Retirement 2030 Non-Lending Series Fund (Class M)
1,665,648
Shares, Collective Fund
31,041,023
State Street Target Retirement 2035 Non-Lending Series Fund (Class M)
1,124,621
Shares, Collective Fund
21,589,356
State Street Target Retirement 2040 Non-Lending Series Fund (Class M)
969,106
Shares, Collective Fund
19,077,817
State Street Target Retirement 2045 Non-Lending Series Fund (Class M)
825,332
Shares, Collective Fund
16,645,289
State Street Target Retirement 2050 Non-Lending Series Fund (Class M)
640,300
Shares, Collective Fund
13,046,744
State Street Target Retirement 2055 Non-Lending Series Fund (Class M)
787,733
Shares, Collective Fund
16,065,035
State Street Target Retirement 2060 Non-Lending Series Fund (Class M)
228,220
Shares, Collective Fund
4,370,634
State Street Target Retirement 2065 Non-Lending Series Fund (Class M)
128,599
Shares, Collective Fund
1,709,209
T. Rowe Price Institutional Large Cap Value Fund
821,536
Shares, Mutual Fund
18,435,274
Vanguard Balanced Index Fund (Admiral)
1,042,485
Shares, Mutual Fund
46,484,416
Wellington SMID Cap Research Equity Portfolio (Series 1)
1,848,597
Shares, Collective Fund
34,809,075
749,460,961
*
Participant loans
Participant loans (interest ranging from 3.25% to 9.5%)
7,788,817
$ 757,249,778
* Party-in-interest to the Plan.

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Exhibits

The following exhibit is filed herewith:
Exhibit No.
23-a Consent of Independent Registered Public Accounting Firm


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


NORDSON EMPLOYEES' SAVINGS TRUST PLAN
Date:
June 28, 2024
By /s/ Stephen Shamrock
Stephen Shamrock
Chief Accounting Officer
Nordson Corporation

12