Peter J. Lau - Mar 1, 2024 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
President and CEO, Director
Signature
/s/ Matthew Horwath, attorney-in-fact for Peter J. Lau (power of attorney filed herein)
Stock symbol
FARO
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 04:40 PM
Previous filing
Aug 2, 2023
Next filing
Jul 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARO Common Stock Award $0 +41.3K +38.04% $0.00 150K Mar 1, 2024 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 Performance Share Units Award $0 +62K +38.04% $0.00 225K Mar 1, 2024 Common Stock 62K 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, 2025.
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, 2027 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%. At a 200% payout the maximum number of PRSUs vesting would be 124,044.

Remarks:

Exhibit 24 Power of Attorney