Novanta (NASDAQ: NOVT) grants 10,513 RSUs to General Counsel
Rhea-AI Filing Summary
Novanta Inc. reported an equity award to its General Counsel, Alexander Manganiello. On January 15, 2026, he received 10,513 Restricted Stock Units (RSUs), each representing the right to receive one Novanta common share upon vesting. The RSUs were granted at a stated price of $0 per unit, reflecting that this is a compensation award rather than an open‑market purchase.
The RSUs vest in three equal installments on January 15, 2027, January 15, 2028, and January 15, 2029. Following this grant, Manganiello is shown as beneficially owning 10,513 derivative securities directly, all tied to Novanta common stock through these RSUs.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did NOVANTA INC (NOVT) disclose in this Form 4?
Novanta disclosed that its General Counsel, Alexander Manganiello, received an award of 10,513 Restricted Stock Units (RSUs) on January 15, 2026.
What does each Restricted Stock Unit represent for NOVT's General Counsel?
Each RSU represents the right to receive one Novanta Inc. common share upon the vesting of that specific RSU.
How many RSUs does the NOVT insider hold after this transaction?
After this grant, Alexander Manganiello is reported as beneficially owning 10,513 derivative securities in the form of RSUs directly.
What is the vesting schedule for the 10,513 RSUs granted by NOVANTA INC?
The RSUs vest in three equal installments on January 15, 2027, January 15, 2028, and January 15, 2029.
Was there a purchase price for the NOVT RSU grant to the General Counsel?
The filing lists a transaction price of $0 per RSU, consistent with a stock-based compensation award rather than a market purchase.
Is the NOVT Form 4 transaction a direct or indirect holding?
The RSUs are reported as being held directly by Alexander Manganiello, with no separate entity listed for indirect ownership.