Peter J. Lau - Aug 2, 2023 Form 4 Insider Report for FARO TECHNOLOGIES INC (FARO)

Role: President and CEO, Director
Signature: /s/ Allen Muhich, attorney-in-fact for Peter J. Lau (power of attorney previously filed)
Stock symbol: FARO
Transactions as of: Aug 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/2/2023, 04:41 PM
Previous filing: Jul 24, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FARO	Common Stock	Award	$0	+109K		$0.00	109K	Aug 2, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FARO	Performance Share Units	Award	$0	+163K		$0.00	163K	Aug 2, 2023	Common Stock	163K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported shares are represented by restricted stock units, or RSUs, which vest in three equal annual installments beginning on July 24, 2024.
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 July 24, 2026 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 326,128.