Form 4: FARO Technologies SVP & CFO Matthew Horwath Reports Stock Sales to Cover Tax Obligations

Matthew Horwath, SVP & CFO of FARO Technologies, reported the sale of common stock to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• On March 13, 2024, Matthew Horwath, the SVP & CFO of FARO Technologies, sold 679 shares of common stock at $20.06 per share.
• He also sold 99 shares of common stock at $20.06 per share on the same day.
• These sales were executed to cover tax withholding obligations associated with the vesting and settlement of previously reported RSUs.
• Following these transactions, Horwath beneficially owns 30,149 shares of FARO Technologies common stock as of the filing date of the report.

Sentiment

Score: 5

Explanation: The document reports routine stock sales for tax purposes, which is neither particularly positive nor negative.

Industry Context

Executive stock sales for tax purposes are a common occurrence, particularly around RSU vesting events. This filing provides transparency into such transactions.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates