Form 4: Coherent Corp. CEO Vincent Mattera Jr. Sells Shares Under 10b5-1 Trading Plan

Coherent Corp.'s CEO, Vincent Mattera Jr., executed sales of common stock on April 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 15, 2024, Vincent Mattera Jr., the CEO of Coherent Corp., sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 7, 2023.
• A total of 2,296 shares were sold at a weighted average price of $52.4157, with prices ranging from $52.13 to $53.02.
• An additional 2,704 shares were sold at a weighted average price of $53.6748, with prices ranging from $53.23 to $53.93.
• Following these transactions, Mattera directly owns 669,684 shares of Coherent Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider transactions. It's neutral in sentiment as it simply reports facts without expressing opinions or forecasts.

Industry Context

Sales by insiders are a common occurrence and are often viewed in the context of pre-arranged trading plans to avoid accusations of trading on inside information. The market typically assesses the size and frequency of such sales to gauge potential impact.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the market's interpretation of the insider's actions.

Key Dates