Novanta (NOVT) CEO granted 26,035 RSUs, exercises awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Chief Executive Officer Matthijs Glastra reported multiple equity transactions involving company stock on February 20, 2026. He received a grant of 26,035 Restricted Stock Units (RSUs), each representing one Novanta common share upon vesting. On the same date, he exercised 5,322 RSUs, converting them into 5,322 shares of common stock, and disposed of 2,574 common shares to satisfy tax obligations at a price of $145.96 per share. After these transactions, he directly owned 64,156 common shares and 10,645 RSUs, and indirectly held 54,382 common shares through the Matthijs Glastra 2021 Irrevocable Trust. The new RSU grant vests in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,322 shares exercised/converted
Mixed
5 txns
Insider
Glastra Matthijs
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 26,035 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,322 | $0.00 | -- |
| Exercise | Common Stock | 5,322 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,574 | $145.96 | $376K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 26,035 shares (Direct);
Common Stock — 66,730 shares (Direct);
Common Stock — 54,382 shares (Indirect, Matthijs Glastra 2021 Irrevocable Trust)
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Restricted Stock Unit. The Restricted Stock Units vest in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029. The Restricted Stock Units vest in three equal installments on February 20, 2026, February 20, 2027 and February 20, 2028.
FAQ
What equity award did Novanta (NOVT) CEO Matthijs Glastra receive?
Novanta CEO Matthijs Glastra received a grant of 26,035 Restricted Stock Units (RSUs). Each RSU represents the right to receive one Novanta common share upon vesting, increasing his potential future ownership in the company subject to vesting conditions over time.
How do the new RSUs for Novanta (NOVT) CEO vest over time?
The new Restricted Stock Units for Novanta’s CEO vest in three equal installments. They vest on February 20, 2027, February 20, 2028, and February 20, 2029, meaning the award becomes fully vested over a three-year period.
What RSU exercise did the Novanta (NOVT) CEO report on February 20, 2026?
On February 20, 2026, the CEO exercised 5,322 Restricted Stock Units, converting them into 5,322 shares of Novanta common stock. This transaction reflects a derivative exercise or conversion rather than an open-market stock purchase.
What is the Novanta (NOVT) CEO’s direct stock and RSU holding after these transactions?
After the reported transactions, the CEO directly held 64,156 shares of Novanta common stock and 10,645 Restricted Stock Units. These positions reflect his updated direct ownership and unvested equity awards in the company following the grant, exercise, and tax disposition.