Form 4: Faro Technologies Director Yuval Wasserman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Yuval Wasserman, a director at Faro Technologies, sold shares to cover tax obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
Summary
- Yuval Wasserman, a director at Faro Technologies, sold 6,222 shares of common stock on November 5, 2024, at a price of $17.75 per share.
- He then sold 5,750 shares of common stock on November 6, 2024, at a price of $19.21 per share.
- These sales were executed to cover tax withholding obligations related to the vesting and settlement of previously reported RSUs.
- Following these transactions, Wasserman directly owns 159,170 shares of Faro Technologies.
- Wasserman has granted a Limited Power of Attorney to Matthew Horwath, Hima Puligadda, Roland Kemper, and David Wilson to execute SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of stock-based compensation are a common practice among corporate executives and directors.
Key Dates
| Date | Description |
|---|---|
| 11/05/2024 | Yuval Wasserman sold 6,222 shares of FARO common stock at $17.75 per share. |
| 11/06/2024 | Yuval Wasserman sold 5,750 shares of FARO common stock at $19.21 per share. |
| 11/07/2024 | Date of the Form 4 filing. |
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