Form 4: Coherent Corp. Director Sadasivam Shaker Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Sadasivam Shaker reports the acquisition of 2,831 restricted stock units in Coherent Corp., vesting on August 28, 2025.
Summary
- On August 29, 2024, Sadasivam Shaker, a director of Coherent Corp., acquired 2,831 shares of common stock through a restricted stock unit award.
- The shares were acquired at a price of $0.
- Following the transaction, Shaker beneficially owns 43,142 shares of Coherent Corp. common stock.
- The restricted stock units will vest on August 28, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of shares by a director is generally viewed as a positive sign, but this is a routine filing.
Positives
- The acquisition of restricted stock units by a director may signal confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This is a routine disclosure related to insider transactions and doesn't provide specific insights into broader industry trends.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of earliest transaction |
| 08/28/2025 | Vesting date of the restricted stock unit award |
| 08/29/2024 | Transaction date of the acquisition of restricted stock units |
| 08/30/2024 | Date of signature for the Form 4 filing |
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