Novanta COO converts RSUs, withholds shares for tax
Novanta Inc. Co-Chief Operating Officer John Lesica reported equity award activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Novanta Inc. Co-Chief Operating Officer John Lesica reported equity award activity involving restricted stock units and common shares. He exercised or converted 1,388 restricted stock units into 1,388 common shares, then disposed of 445 common shares at $145.63 per share to cover tax obligations, leaving 943 common shares directly owned after these transactions. Each restricted stock unit represents one Novanta common share and vests in three equal installments on February 18, 2026, February 18, 2027 and February 18, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,388 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,388 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 445 | $145.63 | $65K |
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. The Restricted Stock Units vest in three equal installments on February 18, 2026, February 18, 2027 and February 18, 2028.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NOVANTA INC (NOVT) report for John Lesica?
How many Novanta (NOVT) restricted stock units did John Lesica exercise?
What is the vesting schedule for John Lesica’s Novanta (NOVT) restricted stock units?
Is John Lesica’s Novanta (NOVT) Form 4 transaction an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.