Novanta Inc. (NOVT) director reports RSU grant and share settlement
Rhea-AI Filing Summary
Novanta Inc. director Lonny J. Carpenter reported equity awards and a share settlement. On January 2, 2026, he received 1,799 Restricted Stock Units (RSUs), each representing the right to receive one Novanta common share, with no cash paid per unit. On the same date, 1,325 previously held RSUs were settled into 1,325 shares of common stock, reflecting that each RSU was the economic equivalent of one common share and had become fully vested and non‑forfeitable. Following these transactions, Carpenter directly owned 5,848 shares of common stock and held 1,799 RSUs outstanding.
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FAQ
What insider activity did Lonny J. Carpenter report for NOVT?
Lonny J. Carpenter, a director of Novanta Inc., reported receiving 1,799 Restricted Stock Units (RSUs) and the settlement of 1,325 RSUs into 1,325 shares of common stock on January 2, 2026.
How many Restricted Stock Units were granted to the Novanta (NOVT) director?
The director was granted 1,799 RSUs on January 2, 2026. Each RSU represents the right to receive one Novanta Inc. common share under the terms described in the filing.
How many Novanta Inc. common shares does the director own after these transactions?
After the reported transactions, Lonny J. Carpenter directly owned 5,848 shares of Novanta Inc. common stock and held 1,799 RSUs outstanding.
What happened to the 1,325 Restricted Stock Units reported in the Novanta Form 4?
The 1,325 RSUs reported with transaction code M were settled into 1,325 Novanta Inc. common shares on January 2, 2026, consistent with the footnote that each RSU was the economic equivalent of one common share.
How do the Novanta (NOVT) RSUs convert into common shares?
Each Restricted Stock Unit represents the right to receive one Novanta Inc. common share, typically on the first anniversary of the grant date, and the filing notes that the RSUs referenced were fully vested and non‑forfeitable on the grant date.
Are the reported Novanta RSU awards held directly or indirectly by the director?
The Form 4 shows the RSUs and common shares as directly owned by Lonny J. Carpenter, with ownership form coded as D (Direct) and no indirect ownership entity disclosed.