Novanta (NOVT) COO converts RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
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
1,388 shares exercised/converted
Mixed
3 txns
Insider
Lesica John
Role
Co-Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,388 | $0.00 | -- |
| Exercise | Common Stock | 1,388 | $0.00 | -- |
| Tax Withholding | Common Stock | 445 | $145.63 | $65K |
Holdings After Transaction:
Restricted Stock Units — 2,779 shares (Direct);
Common Stock — 1,388 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 18, 2026, February 18, 2027 and February 18, 2028.
FAQ
What insider transactions did NOVANTA INC (NOVT) report for John Lesica?
John Lesica exercised 1,388 restricted stock units into 1,388 common shares and disposed of 445 common shares to satisfy tax obligations, leaving 943 common shares directly owned after these transactions, according to the Form 4 filing.
How many Novanta (NOVT) restricted stock units did John Lesica exercise?
John Lesica exercised or converted 1,388 restricted stock units into 1,388 shares of Novanta common stock. Each restricted stock unit represents the right to receive one Novanta common share upon vesting, as disclosed in the Form 4 footnotes.
What is the vesting schedule for John Lesica’s Novanta (NOVT) restricted stock units?
The restricted stock units vest in three equal installments on February 18, 2026, February 18, 2027, and February 18, 2028. Upon vesting, each restricted stock unit entitles John Lesica to receive one Novanta Inc. common share, according to the footnotes.
Is John Lesica’s Novanta (NOVT) Form 4 transaction an open-market stock purchase or sale?
The Form 4 does not show an open-market trade. It reports an exercise or conversion of 1,388 restricted stock units into common shares and a tax-withholding disposition of 445 shares, not a discretionary market buy or sell.