BURGER MICHAEL D 4
4 · FARO TECHNOLOGIES INC · Filed Feb 22, 2022
Insider Transaction Report
Form 4
BURGER MICHAEL D
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2022-02-19+3,976→ 21,252 total - Tax Payment
Common Stock
2022-02-19$53.69/sh−1,420$76,240→ 19,832 total - Exercise/Conversion
Restricted Stock Units
2022-02-19−3,976→ 7,954 total→ Common Stock (3,976 underlying)
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]Each RSU represents a contingent right to receive the economic equivalent of one share of common stock of FARO Technologies, Inc. (the "Issuer") upon vesting for no consideration.
- [F3]Represents shares withheld by the Issuer to satisfy tax withholding obligations on the vesting of RSUs.
- [F4]3,976 of the shares underlying the RSUs vested on February 19, 2022 and the 7,954 remaining shares underlying the RSUs will vest in equal installments on February 19, 2023 and February 19, 2024.