Michael D. Burger - Mar 1, 2023 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role: President and CEO, Director
Signature: /s/ Allen Muhich, attorney-in-fact for Michael D. Burger (power of attorney previously filed)
Stock symbol: FARO
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/3/2023, 05:32 PM
Previous filing: May 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FARO	Common Stock	Award	$0	+57.4K	+105.73%	$0.00	112K	Mar 1, 2023	Direct	F1, F2

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	+86K		$0.00	86K	Mar 1, 2023	Restricted Stock Units	86K		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%.