Novanta (NOVT) Co-COO nets shares after performance unit vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc Co-Chief Operating Officer Charles Guy Ravetto Jr reported equity award activity involving Performance Stock Units and common shares. On February 19, 2026, he exercised 722 Performance Stock Units at $0.00 per unit, converting them into 722 common shares.
The filing also shows a tax-withholding disposition of 251 common shares at a price of $144.93 per share, leaving him with 13,633 common shares held directly after these transactions. Footnotes state each Performance Stock Unit converts into one share and that the award size was set based on 58.4% achievement of a performance target.
Positive
- None.
Negative
- None.
Insider Trade Summary
722 shares exercised/converted
Mixed
3 txns
Insider
Ravetto Charles Guy JR
Role
Co-Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 722 | $0.00 | -- |
| Exercise | Common Stock | 722 | $0.00 | -- |
| Tax Withholding | Common Stock | 251 | $144.93 | $36K |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
Common Stock — 13,884 shares (Direct)
Footnotes (1)
- Each Performance Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Performance Stock Unit. The number of shares underlying Performance Stock Unit award originally granted on February 24, 2023 became fixed upon ratification by the Compensation Committee of the Board of Directors based on 58.4% achievement of performance target.
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 722 Performance Stock Units into 722 common shares and had 251 common shares disposed to cover tax withholding, all on February 19, 2026, leaving him with 13,633 common shares held directly.
What was the nature of the 722 Performance Stock Units in Novanta (NOVT)'s Form 4?
Each of the 722 Performance Stock Units represents the right to receive one Novanta common share upon vesting. The number of units in the award was fixed by the Compensation Committee based on 58.4% achievement of the specified performance target for that grant.
What transaction codes were used in the Novanta (NOVT) Form 4 for Charles Guy Ravetto Jr?
The Form 4 shows code M for the exercise or conversion of 722 Performance Stock Units into common stock, and code F for the tax-withholding disposition of 251 common shares. Both transactions occurred on February 19, 2026 and are reported as direct ownership changes.
How was the performance-based Novanta (NOVT) stock award determined for the reported units?
The Performance Stock Unit award was originally granted on February 24, 2023, and the final number of underlying shares became fixed when the Compensation Committee ratified results based on 58.4% achievement of the performance target, as explained in the Form 4 footnotes.