FS Credit Opportunities Corp. Director Bethel Keith Buys 2500 Shares at $7.25/Share.

FS Credit Opportunities Corp. [FSCO] has announced that Director Bethel Keith has acquired 2,500 shares at a price of $7.25 per share on July 18, 2025.

In a recent development, FARO Technologies, Inc. (FARO) has seen its Chief Financial Officer (CFO), Matthew Horwath, dispose of his entire equity stake in the company. This move comes ahead of the pending merger between FARO and a wholly-owned subsidiary of AMETEK, Inc. The transaction, which was reported through a Form 4 filing on July 21, 2025, indicates that Horwath has liquidated his shares and restricted stock units (RSUs) in exchange for cash.

According to the filing, Horwath disposed of 39,264 common shares and 41,018 RSUs. The total value of these shares was settled at $44 per unit, resulting in a cash payout of $1,840,928. Post-transaction, Horwath holds no equity in FARO, signaling a complete transition to AMETEK ownership.

The filing also confirms that the transaction was completed in accordance with the Merger Agreement dated May 5, 2025. This agreement stipulated that all equity held by Horwath would be cancelled and converted into cash at the agreed-upon price. The move is seen as a procedural step to ensure that the merger conditions are met and that there is no insider equity exposure post-merger.

From a governance perspective, the Form 4 filing highlights the total divestiture of management's FARO equity due to the cash-only merger. While shareholders receive liquidity, the removal of insider ownership may affect post-close retention incentives. However, these concerns shift to AMETEK’s compensation structures. No irregularities were noted in the filing, which meets Section 16 obligations and provides transparency on the insider cash-out process.

In a separate development, FS Credit Opportunities Corp. [FSCO] announced that Director Bethel Keith has acquired 2,500 shares at a price of $7.25 per share on July 18, 2025 [1].

References:
[1] https://www.stocktitan.net/sec-filings/FSCO/form-4-fs-credit-opportunities-corp-insider-trading-activity-56a4457a0d1d.html