FARO Technologies Inc. DEF 14A: Executive Compensation Details
| Field | Detail |
|---|---|
| Company | Faro Technologies Inc |
| Form Type | DEF 14A |
| Filed Date | Apr 10, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
TL;DR
FARO's 2025 DEF 14A is out, detailing exec pay & equity awards for 2024. Know what your leaders are making.
AI Summary
FARO Technologies Inc. filed its DEF 14A on April 10, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes information on equity awards granted to executives such as Lau, Wasserman, and Burger, with specific grant dates and fair values at year-end. This document is crucial for shareholders to understand how executive pay is structured and awarded.
Why It Matters
This filing provides shareholders with transparency into how FARO Technologies Inc. compensates its top executives, which can influence investor decisions and corporate governance.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures of executive compensation and related party transactions, which can sometimes reveal compensation practices that may be viewed favorably or unfavorably by investors.
Key Numbers
- 2024 — Fiscal Year End (The period for which executive compensation is reported.)
- 2025 — Filing Year (The year the DEF 14A was filed.)
Key Players & Entities
- FARO Technologies Inc. (company) — Filer of the DEF 14A
- Lau (person) — Executive mentioned in relation to equity awards
- Wasserman (person) — Executive mentioned in relation to equity awards
- Burger (person) — Executive mentioned in relation to equity awards
- April 10, 2025 (date) — Filing date of the DEF 14A
- December 31, 2024 (date) — Fiscal year end for compensation details
FAQ
What is the total compensation for the named executive officers for the fiscal year ended December 31, 2024?
The filing is a DEF 14A, which primarily details executive compensation. Specific total compensation figures for named executive officers for the fiscal year ended December 31, 2024, would be detailed within the proxy statement, likely in a compensation table.
What types of equity awards were granted to executives in 2024?
The filing mentions 'EquityAwardsGrantedDuringTheYearGrantDateFairValueMember' and 'EquityAwardsGrantedDuringTheYearFairValueAtYearEndMember', indicating that both stock options and/or restricted stock units were likely granted, with associated fair values at grant date and year-end.
Who are the key individuals mentioned in relation to executive compensation?
Key individuals mentioned in relation to executive compensation and equity awards include Lau, Wasserman, and Burger.
When was this DEF 14A filing submitted to the SEC?
This DEF 14A filing was submitted to the SEC on April 10, 2025.
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by a company to solicit proxies from shareholders for an upcoming shareholder meeting, and it contains detailed information about matters to be voted on, including executive compensation, director nominations, and other corporate governance issues.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on April 10, 2025 by Lau regarding FARO TECHNOLOGIES INC.