Form 4: Faro Technologies SVP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Horwath, SVP & CFO of Faro Technologies, sold 175 shares of common stock to cover tax withholding obligations related to the vesting of RSUs.
Summary
- Matthew Horwath, the SVP & Chief Financial Officer of Faro Technologies, sold 175 shares of common stock on June 12, 2024.
- The sale was executed at a price of $18.65 per share.
- The transaction was a 'sell-to-cover' transaction to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Horwath directly owns 29,974 shares of Faro Technologies common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. This is a routine transaction to cover tax obligations, and doesn't indicate a positive or negative outlook on the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. Sell-to-cover transactions are common and generally don't signal a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of the stock sale transaction. |
| 06/13/2024 | Date of the Form 4 filing. |
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