NOVT.NASDAQNovanta INC

Form 4: Novanta Inc. CFO Robert Buckley Reports Stock Transactions

Sentiment:

SEC Form 4 Filing


Chief Financial Officer of Novanta Inc., Robert Buckley, reports the vesting and subsequent disposal of performance stock units, along with associated tax withholding.

Summary

  • Robert Buckley, the Chief Financial Officer of Novanta Inc., reported transactions involving Novanta Inc. common stock on February 24, 2025.
  • Buckley exercised 5,425 Performance Stock Units (PSUs), each representing the right to receive one Novanta Inc. common share.
  • These PSUs vested based on 100% achievement of a performance target, as ratified by the Compensation Committee.
  • Simultaneously, Buckley disposed of 2,623 shares to cover tax obligations at a price of $138.3.
  • Following these transactions, Buckley directly owns 91,034 shares of common stock and indirectly owns 36,219 shares through the Buckley Family Irrevocable Trust.
  • He also directly owns 5,426 Performance Stock Units that will vest on February 24, 2026.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, so the sentiment is neutral.

Future Outlook

5,426 Performance Stock Units will vest on February 24, 2026.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine executive compensation activity.

Key Dates

DateDescription
February 24, 2021Original grant date of the Performance Stock Unit award.
February 24, 2025Date of transaction: vesting of 5,425 Performance Stock Units and disposal of shares for tax obligations.
February 24, 2026Date when 5,426 Performance Stock Units will vest.
February 26, 2025Date of Form 4 signature.

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