Form 4: Coherent Corp. Executive Christopher Koeppen Reports Stock Sale
SEC Form 4
Christopher Koeppen, Chief Innovation Officer at Coherent Corp., reports selling 1,899 shares of common stock at $91.35 per share on October 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Christopher Koeppen, Chief Innovation Officer of Coherent Corp., filed a Form 4 on October 2, 2024, reporting a transaction in the company's stock.
- On October 1, 2024, Koeppen sold 1,899 shares of Coherent Corp. common stock at a price of $91.35 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on June 15, 2023.
- Following the transaction, Koeppen directly owns 66,148 shares of Coherent Corp. common stock.
- He also indirectly owns shares through his daughter and son.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
There is no future outlook provided in the document.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| July 01, 2019 | Date of Power of Attorney execution, granting authority to Jeffrey W. Acre, D. Mark McMillan, and Jo Anne Schwendinger to act on Christopher S. Koeppen's behalf for SEC filings. |
| June 15, 2023 | Date Christopher Koeppen adopted a Rule 10b5-1 trading plan. |
| October 01, 2024 | Date of the stock sale transaction: 1,899 shares sold at $91.35 per share. |
| October 02, 2024 | Date the Form 4 was filed. |
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