Delnick Phillipe L. 4
4 · FARO TECHNOLOGIES INC · Filed Feb 28, 2025
Insider Transaction Report
Form 4
Delnick Phillipe L.
SVP, Global Sales
Transactions
- Award
Performance Share Units
2025-02-26+10,017→ 19,932 total→ Common Stock (10,017 underlying) - Award
Common Stock
2025-02-26+6,678→ 13,288 total
Footnotes (3)
- [F1]The reported shares are represented by restricted stock units, or RSUs, which vest in three equal annual installments beginning on February 26, 2026.
- [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 February 26, 2028 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 20,034.