Form 4: Faro Technologies SVP Matthew Horwath Sells Shares to Cover Tax Obligations

Matthew Horwath, SVP & CFO of Faro Technologies, sold 439 shares of common stock on March 5, 2025, to cover tax withholding obligations related to the vesting of RSUs.

Summary

• On March 5, 2025, Matthew Horwath, the SVP & Chief Financial Officer of Faro Technologies, sold 439 shares of the company's common stock.
• The sale was executed at a price of $30.63 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of Restricted Stock Units (RSUs).
• The sale was effected pursuant to the issuer's 'sell to cover' policy and does not represent a discretionary sale by the reporting person.
• Following the transaction, Horwath directly owns 40,910 shares of Faro Technologies.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders and officers to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale related to tax obligations.

Key Dates

Keywords

FARO Technologies, Matthew Horwath, Form 4, SEC Filing, Stock Sale, RSUs, Tax Withholding, Beneficial Ownership