Horwath Matthew 4
4 · FARO TECHNOLOGIES INC · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Horwath Matthew
SVP & Chief Financial Officer
Transactions
- Award
Common Stock
2024-03-01+14,382→ 30,927 total - Award
Restricted Stock Units
2024-03-01+21,573→ 23,643 total→ Common Stock (21,573 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, 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 43,146.