Ravetto Charles Guy JR 4
4 · NOVANTA INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Novanta (NOVT) COO Charles Ravetto Converts PSUs; 251 Shares Withheld
What Happened
Charles Guy Ravetto Jr., Chief Operating Officer of Novanta Inc. (NOVT), had 722 Performance Stock Units (PSUs) convert into common shares on February 19, 2026. Of those, 251 shares were withheld to cover taxes at $144.93 per share, generating approximately $36,377. After withholding, Ravetto received a net 471 shares.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (timely filing).
- Conversion/exercise type: M (exercise/conversion of derivative — PSUs settled for common shares).
- Tax withholding: F — 251 shares withheld at $144.93/share for ~$36,377.
- Gross shares converted: 722 PSUs; net shares delivered to insider: 471 (722 − 251).
- Footnote: Each PSU converts to one common share; the PSU award originally granted Feb 24, 2023 was fixed based on 58.4% achievement of performance targets.
- Remarks: Power of Attorney is on file.
- Shares owned after transaction: not specified in the filing.
Context
This was a vesting/settlement of performance-based equity (PSUs), not an open-market sale or purchase. Withholding shares to cover taxes is a routine administrative step and does not necessarily signal a buy or sell decision by the insider. M indicates conversion/exercise of a derivative (PSU); F indicates shares surrendered/withheld for tax liabilities.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-19+722→ 13,884 total - Tax Payment
Common Stock
2026-02-19$144.93/sh−251$36,377→ 13,633 total - Exercise/Conversion
Performance Stock Units
[F1][F2]2026-02-19−722→ 0 total→ Common Stock (722 underlying)
Footnotes (2)
- [F1]Each Performance Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Performance Stock Unit.
- [F2]The number of shares underlying Performance Stock Unit award originally granted on February 24, 2023 became fixed upon ratification by the Compensation Committee of the Board of Directors based on 58.4% achievement of performance target.