Form 4: Coherent Corp. Director Stephen A. Skaggs Acquires Restricted Stock Units
SEC Form 4 Filing
Director Stephen A. Skaggs acquired 2,831 shares of Coherent Corp. as restricted stock units on August 29, 2024.
Summary
- On August 29, 2024, Stephen A. Skaggs, a director of Coherent Corp., acquired 2,831 shares of common stock in the form of restricted stock units.
- The restricted stock units were granted as an award and will vest on August 28, 2025.
- Following the transaction, Skaggs directly owns 25,836 shares of Coherent Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The acquisition of shares by a director is generally viewed as a slightly positive sign, but the document itself is simply a factual report.
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 or guidance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- Shareholders are informed about the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of transaction: Stephen A. Skaggs acquired 2,831 shares of common stock as restricted stock units. |
| 08/28/2025 | Vesting date of the restricted stock units. |
| 08/30/2024 | Date of signature for the Form 4 filing. |
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