Novanta Co-COO exercises 722 stock units
Novanta Inc Co-Chief Operating Officer Charles Guy Ravetto Jr reported equity award activity involving Performance Stock Units and common shares.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 722 | $0.00 | $0.00 |
| Exercise | Common Stock | 722 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 251 | $144.93 | $36K |
Footnotes (2)
- F1. Each Performance Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Performance Stock Unit.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Novanta (NOVT) report for Charles Guy Ravetto Jr?
What was the nature of the 722 Performance Stock Units in Novanta (NOVT)'s Form 4?
What transaction codes were used in the Novanta (NOVT) Form 4 for Charles Guy Ravetto Jr?
How was the performance-based Novanta (NOVT) stock award determined for the reported units?
AI-generated analysis. How Rhea-AI works. Not financial advice.