Faro Technologies Executive Compensation (FY24)
FARO · Executive and director compensation, fiscal 2022 to 2024
The Faro Technologies brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (DEF 14A): April 10, 2025
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
184 figures on this page: 175 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Lau: $6,278,891 → $4,008,421 (36.2% lower)
CEO pay ratio: 52:1 → 64:1 (23.1% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Faro Technologies' chief executive and what were they paid?
Peter Lau was paid $4,008,421 in total compensation as President and Chief Executive Officer for fiscal 2024. Lau's total was 36.2% lower than the $6,278,891 reported for fiscal 2023.
What was Faro Technologies' say-on-pay result?
The say-on-pay proposal drew 94.0% support at the meeting held June 13, 2024 for fiscal 2023.
Which companies are in Faro Technologies' peer group?
The disclosed peer group names 3D Systems, 8x8, Inc., A10 Networks Inc., American Software, Inc. and Arlo Technologies, among others.
What is Faro Technologies' chief executive pay ratio?
The company reported a chief executive pay ratio of 64:1 for fiscal 2024, against median employee compensation of $62,568.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Burger President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Allen Muhich Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Jeff Sexton Senior Vice President of Sales | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Kevin Beadle Former Senior Vice President of Sales Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Lau President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Yuval Wasserman Executive Chairman | ◇ | ◇ | ◇ | — | — | — | — | ◇ |
Allen Muhich Former Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jeff Sexton Former Senior Vice President of Sales | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Peter Lau President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Matthew Horwath Senior Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Jeff Sexton Former Senior Vice President of Sales Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Yuval Wasserman Executive Chairman | — | ◇ | ◇ | — | — | — | ◇ | ◇ |
Allen Muhich Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Phillipe Delnick Senior Vice President, Global Sales | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Matthew Horwath | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew Horwath | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Peter Lau | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Peter Lau | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Phillipe Delnick | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Phillipe Delnick | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Yuval Wasserman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Peter Lau | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Matthew Horwath | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Phillipe Delnick | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Yuval Wasserman | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Yuval Wasserman
Executive Chairman · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Change-in-control trigger | ◇ |
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Yuval Wasserman Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Alex Davern | ◇ | ◇ | — | — | — | — | ◇ |
John Donofrio | ◇ | ◇ | — | — | — | — | ◇ |
Moonhie Chin | ◇ | ◇ | — | — | — | — | ◇ |
Jeroen van Rotterdam | ◇ | ◇ | — | — | — | — | ◇ |
Rajani Ramanathan | ◇ | ◇ | — | — | — | — | ◇ |
Lynn Brubaker | ◇ | — | — | — | — | — | ◇ |
Jawad Ahsan | ◇ | — | — | — | — | — | ◇ |
Peter Lau served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: $300,000 within five years of joining the Board
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- 3D Systems DDD
- 8x8, Inc. EGHT
- A10 Networks Inc. ATEN
- American Software, Inc. symbol not shown
- Arlo Technologies ARLO
- Casa Systems CASA
- Cerence, Inc. CRNC
- Everbridge EVBG
- Iteris ITI
- LiveVox Holdings LVOX
- Matterport MTTR
- nLIGHT LASR
- PROS Holdings PRO
- Thermon Group Holdings, Inc. THR
- Universal Electronics UEIC
- Upland Software, Inc. UPLD
- Veeco Instruments Inc. VECO
- Veritone VERI
- Vishay Precision Group VPG
- Yext YEXT
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2023 | June 13, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 25, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 26, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 28, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 29, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 30, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 11, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 12, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 13, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Faro Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Faro Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
184 figures on this page: 175 cited to the filing that reported them, 9 calculated from figures it prints.
175 cited to the filing
9 calculated from the filing
Documents cited
- 0001628280-25-0173302024 DIRECTOR COMPENSATION · 2024 Director Compensation · Chief Executive Officer Pay Ratio · Compensation Discussion and Analysis · and 4 more sections
- 0000917491-24-000015Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-24-000009Summary Compensation Table
- 0001628280-23-020119Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-23-000010Summary Compensation Table
- 0001628280-22-015581Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001628280-21-011627Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-20-000054Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-19-000037Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-18-000026Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000917491-17-000021Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-593193Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Faro Technologies executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/FARO (accessed 2026).
Short form: data: Velarion
The Faro Technologies brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Faro Technologies discloses
The companies named in FARO's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}