Form 4: Novanta CEO Reports Equity Transactions

Novanta Inc. CEO Matthijs Glastra disclosed routine insider transactions involving the acquisition of new restricted stock units and the vesting and tax-related sale of common stock.

Summary

• Matthijs Glastra, CEO and Director of Novanta Inc., reported transactions on February 20, 2026.
• Acquired 5,322 shares of common stock directly upon the vesting of restricted stock units.
• Disposed of 2,574 shares of common stock directly at a price of $145.96 per share, likely for tax withholding purposes related to the vesting.
• Received a new grant of 26,035 Restricted Stock Units (RSUs) directly.
• 5,322 Restricted Stock Units converted into common stock, leaving 10,645 RSUs from that specific grant remaining.
• Following these transactions, direct beneficial ownership of common stock is 64,156 shares, and indirect ownership through the Matthijs Glastra 2021 Irrevocable Trust is 54,382 shares.
• Direct beneficial ownership of Restricted Stock Units is 26,035 (new grant) and 10,645 (remaining from a prior grant).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation and alignment of interests through new equity grants, despite a minor tax-related sale.

Positives

• CEO Matthijs Glastra received a new grant of 26,035 Restricted Stock Units, aligning his interests with long-term shareholder value.
• The vesting of 5,322 Restricted Stock Units into common stock demonstrates the realization of previously granted equity incentives.

Negatives

• The disposition of 2,574 common shares at $145.96, while likely for tax withholding, represents a reduction in direct common stock holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as equity award grants and vesting with associated tax sales, are common practice for executive compensation in the technology and industrial sectors. These filings provide transparency into management's direct and indirect holdings but typically do not reflect strategic shifts or operational performance.

Related Party Transactions

• Matthijs Glastra holds 54,382 shares of common stock indirectly through the Matthijs Glastra 2021 Irrevocable Trust.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation, aligning management interests with shareholder value through equity grants.
• Employees: Reflects standard executive compensation practices, which can influence overall company compensation philosophy.

Next Steps

• The newly granted 26,035 Restricted Stock Units will vest in three equal installments on February 20, 2027, February 20, 2028, and February 20, 2029.
• The remaining 10,645 Restricted Stock Units from a prior grant are scheduled to vest in two equal installments on February 20, 2027, and February 20, 2028.

Key Dates

Keywords

Novanta Inc., NOVT, Matthijs Glastra, CEO, Insider Trading, Form 4, Restricted Stock Units, Common Stock, Equity Compensation, Stock Transactions