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Novanta Executive Compensation (FY25)

NOVT · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Novanta

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 19, 2026Latest filing (8-K): May 29, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Novanta brief$1,500Get the executive brief
314 figures on this page: 303 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Matthijs Glastra
Median of the other named officers
$2,262,093
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 28, 2026
Chief executive pay ratio
◇
To the median employee

More on Novanta

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Matthijs Glastra: $8,776,305 → $10,042,292 (14.4% higher)
CEO pay ratio: 165:1 → 186:1 (12.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Novanta's chief executive and what were they paid?
Total compensation for Matthijs Glastra, Chief Executive Officer, came to $10,042,292 in fiscal 2025. Glastra's total was 14.4% higher than the $8,776,305 reported for fiscal 2024.
What was Novanta's say-on-pay result?
Shareholders recorded 97.8% support for the say-on-pay proposal at the meeting held May 28, 2026 for fiscal 2025.
Which companies are in Novanta's peer group?
The disclosed peer group names Aspen Technology, Inc., Azenta, Inc., Cognex Corporation, CONMED Corporation and Globus Medical, Inc., among others.
What is Novanta's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 186:1, against median employee compensation of $53,914.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthijs Glastra
Chief Executive Officer
◇—◇◇◇—◇◇
Robert Buckley
Chief Financial Officer
◇—◇◇◇—◇◇
Michele Welsh
General Counsel and Corporate Secretary
◇◇◇—◇—◇◇
Brian Young
Chief Human Resources Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthijs Glastra
Chief Executive Officer
◇—◇◇◇—◇◇
Robert Buckley
Chief Financial Officer
◇—◇◇◇—◇◇
Brian Young
Chief Human Resources Officer
◇—◇◇◇—◇◇
Michele Welsh
General Counsel and Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthijs Glastra
Chief Executive Officer
◇—◇◇◇—◇◇
Robert Buckley
Chief Financial Officer
◇—◇◇◇—◇◇
Brian Young
Former Chief Human Resources Officer
Departed during or after this year
◇—◇◇◇—◇◇
Michele Welsh
General Counsel and Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matthijs Glastra
Chief Executive Officer
◇—◇—◇—◇◇
Robert Buckley
Chief Financial Officer
◇—◇—◇—◇◇
John Lesica
Co-Chief Operating Officer
◇◇◇—◇—◇◇
Charles Ravetto
Co-Chief Operating Officer
◇—◇—◇—◇◇
Michele Welsh
Former General Counsel and Corporate Secretary
Departed during or after this year
◇—◇—◇—◇◇
Alexander Manganiello
General Counsel and Corporate Secretary
◇—————◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Charles G. RavettoRSU◇——◇——◇
Charles G. RavettoPSU◇◇◇◇◇—◇
Charles G. RavettoPSU◇◇◇◇◇—◇
John LesicaRSU◇——◇——◇
John LesicaRSU◇——◇——◇
John LesicaPSU◇◇◇◇◇—◇
John LesicaPSU◇◇◇◇◇—◇
Matthijs GlastraRSU◇——◇——◇
Matthijs GlastraPSU◇◇◇—◇—◇
Matthijs GlastraPSU◇◇◇—◇—◇
Michele D. WelshPSU◇◇◇◇◇—◇
Michele D. WelshPSU◇◇◇◇◇—◇
Michele D. WelshRSU◇——◇——◇
Robert J. BuckleyPSU◇◇◇—◇—◇
Robert J. BuckleyRSU◇——◇——◇
Robert J. BuckleyPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Robert BuckleyOption◇—◇2/21/2031
PSU◇◇——
Option◇—◇3/30/2026
PSU◇◇——
Option◇—◇2/24/2030
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/24/2029
Michele WelshPSU◇◇——
PSU◇◇——
PSU◇◇——
John LesicaPSU◇◇——
PSU◇◇——
PSU◇◇——
Charles RavettoPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Matthijs GlastraPSU◇◇——
Option◇—◇2/24/2030
PSU◇◇——
Option◇—◇2/24/2029
Option◇—◇2/21/2031
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lonny J. Carpenter
Lead independent director
◇◇————◇
Frank A. Wilson
◇◇————◇
Maxine L. Mauricio
◇◇————◇
Thomas N. Secor
◇◇————◇
Darlene J.S. Solomon
◇◇————◇
R. Matthew Johnson
◇◇————◇
Barbara B. Hulit
◇◇————◇
Mary Katherine Ladone
◇◇————◇
Matthew T. Farrell
◇◇————◇
Matthijs Glastra served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aspen Technology, Inc. AZPN
  • Azenta, Inc. AZTA
  • Cognex Corporation CGNX
  • CONMED Corporation CNMD
  • Globus Medical, Inc. GMED
  • IDEX Corporation IEX
  • Integra LifeSciences IART
  • IPG Photonics Corporation IPGP
  • Masimo Corporation MASI
  • Mercury Systems, Inc. MRCY
  • Merit Medical Systems, Inc. MMSI
  • MKS Instruments, Inc. MKSI
  • Omnicell, Inc. OMCL
  • Penumbra, Inc. PEN
  • QuidelOrtho Corporation QDEL
  • Repligen Corporation RGEN
  • Teradyne, Inc. TER

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 8, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 26, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇
2016May 10, 2017=◇◇◇
2015May 10, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Novanta disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Novanta sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
314 figures on this page: 303 cited to the filing that reported them, 11 calculated from figures it prints.
303 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-248524
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-175367
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · and 3 more sections
  3. 0000950170-25-080208
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-25-058366
    Summary Compensation Table
  5. 0000950170-24-056836
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000950170-24-040709
    Summary Compensation Table
  7. 0000950170-23-021295
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000950170-23-012137
    Summary Compensation Table
  9. 0001564590-22-020415
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-21-028089
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001564590-20-027045
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001564590-19-018557
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001564590-18-013434
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001564590-17-010479
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-16-588535
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Novanta executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NOVT (accessed 2026).
Short form: data: Velarion

The paid brief for Novanta

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Novanta discloses

The companies named in NOVT's own disclosed peer group.

Aspen Technology, Inc.Azenta, Inc.Cognex CorporationCONMED CorporationGlobus Medical, Inc.IDEX CorporationIntegra LifeSciencesIPG Photonics CorporationMasimo CorporationMercury Systems, Inc.Merit Medical Systems, Inc.MKS Instruments, Inc.Omnicell, Inc.Penumbra, Inc.QuidelOrtho CorporationRepligen CorporationTeradyne, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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