Novanta (NOVT) CAO reports RSU vesting and tax-related share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novanta Inc. Chief Accounting Officer John Joseph Burke II reported vesting of 519 Restricted Stock Units on February 23, 2026, which converted into 519 common shares at no cost. To satisfy tax obligations related to this vesting, 176 common shares were disposed of at $142.38 per share, leaving him with 8,562 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
519 shares exercised/converted
Mixed
3 txns
Insider
Burke John Joseph II
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 519 | $0.00 | -- |
| Exercise | Common Stock | 519 | $0.00 | -- |
| Tax Withholding | Common Stock | 176 | $142.38 | $25K |
Holdings After Transaction:
Restricted Stock Units — 519 shares (Direct);
Common Stock — 8,738 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 21, 2025, February 23, 2026 and February 22, 2027.
FAQ
What insider transactions did NOVANTA INC (NOVT) report for John Joseph Burke II?
Novanta’s Chief Accounting Officer reported RSU vesting and related tax withholding. 519 Restricted Stock Units converted into 519 common shares, and 176 common shares were disposed of to cover tax liabilities, resulting in direct ownership of 8,562 common shares after these transactions.
Was the NOVT Form 4 transaction a stock purchase or sale by the insider?
The Form 4 shows RSU vesting and tax withholding, not an open-market trade. Shares were acquired through exercise/conversion of 519 Restricted Stock Units, while 176 shares were disposed of solely to satisfy tax obligations tied to that equity compensation event.
How do the Restricted Stock Units for NOVT vest for John Joseph Burke II?
Each Restricted Stock Unit converts into one Novanta common share upon vesting. The RSUs vest in three equal installments on February 21, 2025, February 23, 2026, and February 22, 2027, providing a structured equity compensation schedule for the executive.
What is the nature of the RSU transactions reported in the Novanta (NOVT) Form 4?
The RSU transactions involve derivative exercise or conversion. 519 Restricted Stock Units, each representing a right to one Novanta share, vested and converted into 519 common shares at no cost, consistent with the company’s equity compensation terms described in the filing’s footnotes.