Ravetto Charles Guy JR 4

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.