Novanta co-COO exercises RSUs, withholds shares
Novanta Inc.'s Co-Chief Operating Officer Charles Guy Ravetto Jr. reported equity compensation activity involving restricted stock units and common shares.
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Rhea-AI Filing Summary
Novanta Inc.'s Co-Chief Operating Officer Charles Guy Ravetto Jr. reported equity compensation activity involving restricted stock units and common shares. On February 23, 2026, he exercised 1,059 restricted stock units, converting them into 1,059 common shares at a stated price of $0.00 per share. A separate transaction shows 311 common shares disposed of at $142.38 per share to satisfy tax withholding obligations, a common non-market transaction. After these movements, his directly held common stock position was 15,534 shares. Footnotes explain that each restricted stock unit represents one Novanta common share and that the units vest in three equal installments on February 21, 2025, February 23, 2026 and February 22, 2027, reflecting a multi-year vesting schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,059 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,059 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 311 | $142.38 | $44K |
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 21, 2025, February 23, 2026 and February 22, 2027.
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