Glastra Matthijs 4

What Happened
Matthijs Glastra, CEO of Novanta Inc. (NOVT), had performance stock units (PSUs) vest and convert into common shares on Feb 24, 2026. A total of 10,852 PSUs converted into 10,852 common shares. To satisfy tax withholding obligations, 5,247 shares were surrendered/sold at $137.44 per share, generating $721,148. The transactions were reported on an SEC Form 4 filed Feb 26, 2026.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within two days of the vesting date).
• Conversion/exercise: 10,852 PSUs converted to 10,852 common shares (derivative conversion, code M).
• Tax/payment withholding: 5,247 shares disposed at $137.44 per share for $721,148 (code F).
• Shares owned after transaction: not disclosed in the excerpt of this filing.
• Footnotes: F1—Each PSU represents the right to one Novanta common share. F2—These PSUs were part of a Feb 24, 2021 award that became fixed at 100% achievement; 10,851 vested on 2/24/2025 and 10,852 vested on 2/24/2026. Power of attorney on file.

Context
This was a conversion of performance-based equity (not a cash purchase) with a routine share surrender/sale to cover taxes—a common, administrative transaction that doesn’t necessarily indicate a change in insider sentiment. For retail investors, purchases are generally more informative than tax-withholding sales; the filing simply documents vesting and tax settlement.