Matthew Horwath - 26 Feb 2025 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role
SVP & Chief Financial Officer
Signature
/s/ Matthew Horwath
Issuer symbol
FARO
Transactions as of
26 Feb 2025
Net transactions value
$0
Form type
4
Filing time
28 Feb 2025, 16:18:48 UTC
Previous filing
04 Dec 2024
Next filing
06 Mar 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 +12,020 +41% $0.000000 41,349 26 Feb 2025 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 +18,030 +76% $0.000000 41,673 26 Feb 2025 Common Stock 18,030 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 February 26, 2026.
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 February 26, 2028 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 36,060.