Allen L. Muhich - 01 Mar 2023 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role: Chief Financial Officer
Signature: /s/ Allen L. Muhich
Issuer symbol: FARO
Transactions as of: 01 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2023, 17:32:16 UTC
Previous filing: 31 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FARO	Common Stock	Award	$0	+16,604	+96%	$0.000000	33,845	01 Mar 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FARO	Restricted Stock Units	Award	$0	+24,906		$0.000000	24,906	01 Mar 2023	Common Stock	24,906		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported shares are represented by restricted stock units, or RSUs, which vest in three equal annual installments beginning on March 1, 2024.
F2	Each RSU or performance share unit, or PRSU, as applicable, represents the contingent right to receive the economic equivalent of one share of FARO Technologies, Inc. common stock.
F3	The PRSUs vest on March 1, 2026 based upon the Company's relative total shareholder return ("TSR") compared to the TSR of the companies in the Russell 2000 Growth Index and pre-established thresholds from 0% payout to a maximum of 200%.