Novanta COO exercises RSUs, withholds shares for tax
Novanta Inc. Co-Chief Operating Officer Charles Guy Ravetto, Jr. reported transactions related to restricted stock units and common shares.
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Rhea-AI Filing Summary
Novanta Inc. Co-Chief Operating Officer Charles Guy Ravetto, Jr. reported transactions related to restricted stock units and common shares. On February 24, he exercised 825 restricted stock units into 825 common shares at no cost, then disposed of 243 common shares at $137.44 per share to cover tax obligations. Following these transactions, he held 16,116 common shares directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 825 | $0.00 | $0.00 |
| Exercise | Common Stock | 825 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 243 | $137.44 | $33K |
Footnotes (2)
- F1. Each Restricted Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Restricted Stock Unit.
- F2. On February 24, 2023, the reporting person was granted restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Novanta (NOVT) Co-Chief Operating Officer Charles Guy Ravetto Jr. report?
How many Novanta (NOVT) restricted stock units did the insider convert to common stock?
What are the vesting terms of the Novanta (NOVT) restricted stock units granted to the insider?
What transaction codes were used in the Novanta (NOVT) Form 4 filing and what do they mean?
AI-generated analysis. How Rhea-AI works. Not financial advice.