BURGER MICHAEL D 4
4 · FARO TECHNOLOGIES INC · Filed Mar 3, 2023
Insider Transaction Report
Form 4
BURGER MICHAEL D
DirectorPresident and CEO
Transactions
- Award
Common Stock
2023-03-01+57,358→ 111,609 total - Award
Restricted Stock Units
2023-03-01+86,038→ 86,038 total→ Restricted Stock Units (86,038 underlying)
Footnotes (3)
- [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%.