Form 4: Coherent Corp. CEO's Stock Vesting Leads to Tax-Related Share Withholding; New Attorneys-in-Fact Appointed for SEC Filings

Coherent Corp.'s CEO, James Robert Anderson, had 25,836 shares withheld for tax obligations related to a restricted stock unit vesting, while the company also appointed new substitute attorneys-in-fact for SEC Section 16 filings.

Summary

• James Robert Anderson, CEO & President and Director of Coherent Corp. (COHR), reported a transaction on June 3, 2025.
• 25,836 shares of Common Stock were withheld by the company at a price of $76.78 per share.
• This withholding was to discharge tax obligations related to the vesting of a restricted stock unit (RSU) award.
• The RSU award, totaling 147,214 shares, was granted on June 3, 2024, and vests in three equal annual installments beginning June 3, 2025.
• Following this transaction, James Robert Anderson beneficially owns 123,378 shares of Common Stock directly.
• Separately, Aaron Wax, an existing attorney-in-fact for several individuals including James R. Anderson, appointed Chris Forrester and Yian Huang as substitute attorneys-in-fact.
• These substitute attorneys-in-fact are authorized to execute Forms 3, 4, and 5 on behalf of the listed individuals, in accordance with Section 16(a) of the Securities Exchange Act of 1934.
• The Substitute Power of Attorney was executed on March 18, 2025, and remains in effect until the underlying Power of Attorney is revoked or terminated.

Sentiment

Score: 7

Explanation: The documents reflect routine administrative and compensation-related activities. The Form 4 indicates a standard RSU vesting with tax withholding, which is a neutral to slightly positive sign as it's not an open market sale. The power of attorney update is purely administrative. No negative operational or financial news is present.

Positives

• The Form 4 transaction is a routine tax-related withholding upon RSU vesting, not an open market sale by the insider, indicating continued holding of the underlying equity.
• The RSU award structure (vesting over three years) aligns management incentives with long-term shareholder value.

Future Outlook

The RSU award vesting schedule indicates a future incentive structure for the CEO over the next two years (after the first installment in 2025).

Industry Context

This filing is a routine insider transaction report and an administrative update to legal representation for SEC filings. It does not provide specific industry-wide insights or trends. Coherent Corp. operates in the photonics and compound semiconductors industry.

Comparison to Industry Standards

• This is a standard Form 4 filing for RSU vesting and tax withholding, common across publicly traded companies.
• The appointment of substitute attorneys-in-fact is also a standard administrative procedure for large companies with multiple insiders.

Management Changes

Corporate Governance

Related Party Transactions

• The RSU vesting and tax withholding is a transaction between the company and its CEO, which is a common form of related party compensation, but it's a standard, disclosed executive compensation event rather than an unusual related party transaction.

Stakeholder Impact

• Shareholders: The RSU vesting and tax withholding is a routine event that does not directly impact share price beyond the minor dilution from RSU issuance (already accounted for) and the tax-related sale. The appointment of new attorneys-in-fact ensures proper regulatory compliance for insider transactions.
• Management/Executives: The CEO's compensation structure includes long-term incentives through RSUs, aligning their interests with company performance. The new attorneys-in-fact streamline their compliance obligations.

Next Steps

• Future annual installments of the RSU award granted on June 3, 2024, will vest on subsequent June 3rd dates (2026 and 2027).
• The substitute attorneys-in-fact, Chris Forrester and Yian Huang, will continue to execute Section 16 filings for the listed individuals.

Key Dates

Recommendation

Keywords

Coherent Corp., COHR, SEC Form 4, Restricted Stock Units, RSU, Insider Transaction, Share Withholding, Executive Compensation, Corporate Governance, Power of Attorney, Section 16 Filings