Phillipe L. Delnick - 01 Nov 2024 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role: SVP, Global Sales
Signature: /s/ David Wilson, attorney-in-fact for Phillipe L. Delnick
Issuer symbol: FARO
Transactions as of: 01 Nov 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Nov 2024, 18:10:24 UTC
Previous filing: 30 Oct 2024
Next filing: 28 Feb 2025
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	+6,610		$0.000000	6,610	01 Nov 2024	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	Performance Share Units	Award	$0	+9,915		$0.000000	9,915	01 Nov 2024	Common Stock	9,915		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 November 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 November 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 19,830.