Form 4: Coherent Corp. Director Howard H. Xia Reports Stock Transactions
SEC Form 4 Filing
Director Howard H. Xia of Coherent Corp. reports the exercise of stock options and subsequent sale of shares on May 15 and 16, 2024.
Summary
- On May 15 and 16, 2024, Howard H. Xia, a director of Coherent Corp., executed transactions involving the company's stock.
- Xia exercised stock options to acquire 1,000 shares on each day at a price of $13.99 per share.
- Simultaneously, Xia sold 1,000 shares on each day at prices of $58 and $59 respectively.
- Following these transactions, Xia directly owns 44,916 shares of Coherent Corp. common stock.
- Xia also holds options to purchase 2,000 additional shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders are informed about the director's stock transactions, which can influence their perception of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/16/2015 | Start date of the vesting of stock options in five equal annual installments |
| 05/15/2024 | Date of stock option exercise and sale of 1,000 shares at $58. |
| 05/16/2024 | Date of stock option exercise and sale of 1,000 shares at $59. |
| 05/17/2024 | Date of signature by Attorney-in-Fact. |
| 08/16/2024 | Expiration date of stock options. |
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