SEXTON JEFFREY D 4
4 · FARO TECHNOLOGIES INC · Filed Mar 5, 2024
Insider Transaction Report
Form 4
SEXTON JEFFREY D
Vice President of Global Sales
Transactions
- Award
Common Stock
2024-03-01+10,787→ 29,206 total - Award
Restricted Stock Units
2024-03-01+16,180→ 29,765 total→ Restricted Stock Units (16,180 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 32,360.