Form 4: Coherent Corp. Executive Koeppen Disposes of Shares to Cover Tax Obligations

Christopher Koeppen, Chief Innovation Officer at Coherent Corp., disposed of 2,175 shares of common stock to cover withholding tax obligations on July 1, 2024.

Summary

• On July 1, 2024, Christopher Koeppen, the Chief Innovation Officer of Coherent Corp., disposed of 2,175 shares of common stock.
• The disposal was executed to cover withholding tax obligations.
• Following the transaction, Koeppen directly owns 62,487 shares of Coherent Corp. common stock.
• Koeppen also has indirect ownership through his daughter and son.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (disposal of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment. It's a routine transaction.

Industry Context

This is a routine Form 4 filing, which is common for corporate executives who transact in their company's stock. The disposal of shares to cover tax obligations is a standard practice.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are publicly available for scrutiny.
• Similar transactions are common among executives at publicly traded companies like Lumentum, IPG Photonics, and Infinera, as they manage their equity compensation and tax liabilities.
• The number of shares disposed of is relatively small compared to the total holdings, suggesting a routine tax-related transaction rather than a significant change in investment strategy.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.

Key Dates