Form 4: Coherent Corp. CEO Vincent Mattera Jr. Sells 5,000 Shares

Coherent Corp.'s CEO, Vincent Mattera Jr., sold 5,000 shares of common stock on March 15, 2024, at an average price of $58.9139 per share, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 15, 2024, Vincent Mattera Jr., the CEO of Coherent Corp., sold 5,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $58.9139 per share, with individual transactions ranging from $58.52 to $59.45.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 7, 2023.
• Following the sale, Mattera directly owns 674,684 shares of Coherent Corp. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the CEO's outlook.

Industry Context

This is a routine disclosure of an insider stock sale. It's important to monitor insider transactions as they can sometimes provide insights into management's perspective on the company's future prospects, although in this case it is part of a pre-arranged plan.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this concern.

Key Dates