Form 4: Coherent Corp. CEO James Robert Anderson Receives Restricted Stock Unit Award

James Robert Anderson, CEO of Coherent Corp., was granted a restricted stock unit award of 147,214 shares on June 3, 2024, which will vest in three equal annual installments starting June 3, 2025.

Summary

• On June 3, 2024, James Robert Anderson, the CEO of Coherent Corp., received a restricted stock unit award.
• The award consists of 147,214 shares of Coherent Corp. common stock.
• The restricted stock units will vest in three equal annual installments, commencing on June 3, 2025.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to executive compensation. It's generally neutral, but the granting of stock units can be seen as a positive sign of confidence in the company's future.

Positives

• The grant of restricted stock units to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The restricted stock units will vest over a three-year period, suggesting a long-term incentive plan for the CEO.

Industry Context

Granting restricted stock units is a common practice in the industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in publicly traded companies.
• Companies like Lumentum, IPG Photonics, and II-VI Incorporated (now Coherent) also use stock awards as part of their executive compensation plans.
• The size of the award is likely determined based on industry benchmarks, company performance, and the executive's role and responsibilities.

Stakeholder Impact

• Shareholders may view the stock award as a positive incentive for the CEO to drive long-term value.
• Employees may see the award as a sign of the company's commitment to its leadership.

Key Dates