Form 4: Coherent Corp. Executive Giovanni Barbarossa Reports Tax-Related Share Withholding
SEC Form 4 Filing
Giovanni Barbarossa, Chief Strategy Officer of Coherent Corp., had 10,092 shares withheld by the company on July 1, 2024, to cover tax obligations.
Summary
- On July 1, 2024, Giovanni Barbarossa, Chief Strategy Officer of Coherent Corp., had 10,092 shares of common stock withheld by the company to satisfy withholding tax obligations.
- This transaction did not involve an actual sale or open market transaction by Barbarossa.
- Following the transaction, Barbarossa directly owns 209,157 shares of Coherent Corp. common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, simply reflecting a standard tax-related share withholding. It doesn't indicate positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of companies withholding shares to cover employee tax obligations related to stock awards or vesting. It doesn't necessarily reflect a strategic decision by the executive regarding the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of share withholding for tax obligations. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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