CEO Matthijs Glastra sells 6,500 shares for $1,096,272.70 via scheduled 10b5-1 plan on 2026-06-02
Matthijs Glastra, CEO of Novanta Inc (NOVT), executed six separate sales totaling 6,500 shares for $1,096,272.70 on 2026-06-02, reducing his holdings from 42,761 to 36,261 shares (15.2% reduction). The transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on 2025-09-11, indicating this was a scheduled, non-discretionary execution rather than a timing-based decision. The blended average sale price was $168.66, compared to the current market price of $160.53, placing the transaction near the 52-week high ($171.85). Glastra's recent prior trades at NOVT (all in May 2026) showed 30-day returns ranging from +7.3% to +26.4%, though these outcomes are unrelated to the scheduled nature of the current filing.