Form 4: Novanta Inc. CFO Robert Buckley Reports Stock Transactions
SEC Form 4 Filing
Robert Buckley, Chief Financial Officer of Novanta Inc., reports the vesting and conversion of restricted stock units and subsequent tax withholding.
Summary
- On February 26, 2024, Robert Buckley, the CFO of Novanta Inc., engaged in transactions involving Novanta's common stock.
- Buckley converted 3,618 and 1,689 Restricted Stock Units into common stock.
- He then disposed of 1,750 and 817 shares of common stock to cover tax obligations at a price of $158.25 per share.
- Following these transactions, Buckley directly owns 123,419 shares of Novanta Inc. common stock.
- The Restricted Stock Units vested in three equal annual installments on February 24, 2022, February 24, 2023, and February 26, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | First vesting date of Restricted Stock Units. |
| 02/24/2023 | Second vesting date of Restricted Stock Units. |
| 02/26/2024 | Date of stock transactions: conversion of Restricted Stock Units and disposal of shares for tax obligations; final vesting date of Restricted Stock Units. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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