Delnick Phillipe L. 4
4 · FARO TECHNOLOGIES INC · Filed Nov 5, 2024
Insider Transaction Report
Form 4
Delnick Phillipe L.
SVP, Global Sales
Transactions
- Award
Common Stock
2024-11-01+6,610→ 6,610 total - Award
Performance Share Units
2024-11-01+9,915→ 9,915 total→ Common Stock (9,915 underlying)
Footnotes (3)
- [F1]The reported shares are represented by restricted stock units, or RSUs, which vest in three equal annual installments beginning on November 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 November 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 19,830.