Novanta (NASDAQ: NOVT) COO gets RSU awards and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Co-Chief Operating Officer Charles Guy Ravetto Jr. reported equity award and related share transactions on February 20, 2026. He acquired 1,633 common shares through the exercise of Restricted Stock Units and received a new grant of 7,537 Restricted Stock Units.
After the RSU conversion, his direct common stock holdings were 15,266 shares, before a 480-share tax-withholding disposition at $145.96 per share reduced that balance to 14,786 shares. Following the transactions, he also directly holds 3,269 previously awarded Restricted Stock Units and a new award of 7,537 Restricted Stock Units, each representing one common share upon vesting over scheduled dates from 2026 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,633 shares exercised/converted
Mixed
4 txns
Insider
Ravetto Charles Guy JR
Role
Co-Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,633 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,537 | $0.00 | -- |
| Exercise | Common Stock | 1,633 | $0.00 | -- |
| Tax Withholding | Common Stock | 480 | $145.96 | $70K |
Holdings After Transaction:
Restricted Stock Units — 3,269 shares (Direct);
Common Stock — 15,266 shares (Direct)
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, 2026, February 20, 2027 and February 20, 2028. The Restricted Stock Units vest in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029.
FAQ
What insider transactions did Novanta (NOVT) report for Charles Guy Ravetto Jr.?
Novanta reported that Co-Chief Operating Officer Charles Guy Ravetto Jr. exercised 1,633 Restricted Stock Units into common shares, received a new grant of 7,537 Restricted Stock Units, and had 480 common shares withheld to cover taxes at $145.96 per share.
What Restricted Stock Unit awards did Novanta (NOVT) grant in this filing?
The filing shows a new award of 7,537 Restricted Stock Units to Charles Guy Ravetto Jr. Footnotes state each RSU equals one common share and the awards vest in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029.
How are the Novanta (NOVT) RSUs for Charles Guy Ravetto Jr. scheduled to vest?
Footnotes state one RSU award vests in three equal installments on February 20, 2026, February 20, 2027, and February 20, 2028. Another RSU award vests in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029.
Was there an open-market sale of Novanta (NOVT) stock in this Form 4?
The Form 4 reports a disposition of 480 common shares coded F, described as payment of tax liability by delivering securities. This indicates a tax-withholding disposition, not an open-market sale, at a price of $145.96 per share.
What does each Novanta (NOVT) Restricted Stock Unit represent in this Form 4?
According to the footnotes, each Restricted Stock Unit represents the right to receive one Novanta Inc. common share upon vesting. This means the RSU totals, such as 3,269 and 7,537, correspond to the same number of potential future common shares when vested.