Ravetto Charles Guy JR 4

What Happened
Charles G. Ravetto Jr., Chief Operating Officer of Novanta Inc. (NOVT), received 825 shares on February 24, 2026 when restricted stock units (RSUs) vested. Of those, 243 shares were withheld to satisfy tax withholding at $137.44 per share (tax withholding amount $33,398). The vesting converted RSUs into common shares (derivative conversion); after withholding, the net shares delivered were 582. The total market value of the 825 shares at $137.44 was about $113,388 and the net value received (582 shares) was about $79,990.

Key Details

• Transaction date: February 24, 2026 (reported Feb 26, 2026)
• Primary actions: RSU conversion/vesting (code M) of 825 shares; tax withholding (code F) of 243 shares @ $137.44 = $33,398
• Net shares received: 582 (825 vested − 243 withheld)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes: F1 clarifies each RSU equals one common share on vesting; F2 notes these RSUs were granted Feb 24, 2023 and vest in three equal annual installments beginning one year after grant
• Other: Power of Attorney on file; filing appears timely (no late‑filing flag in provided data)

Context

• This was not an open‑market purchase or sale but the vesting/conversion of RSUs into shares. The withholding of shares to pay taxes is common and does not by itself indicate a market view.
• For retail investors, vesting events indicate compensation realization by insiders; purchases can be stronger bullish signals than routine vesting or tax‑withholding transactions.