Form 4: Coherent Corp. Executive Sells Shares Under 10b5-1 Plan, Updates Power of Attorney

Christopher Koeppen, EVP of Aerospace & Defense at Coherent Corp., sold 6,154 shares of common stock at $80 per share on May 13, 2025, under a pre-arranged 10b5-1 trading plan, and the company updated its power of attorney.

Summary

• Christopher Koeppen, EVP of Aerospace & Defense at Coherent Corp., executed a sale of 6,154 shares of common stock on May 13, 2025.
• The sale was conducted at a price of $80 per share.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2024.
• Following the transaction, Koeppen directly owns 50,212 shares of Coherent Corp. common stock.
• He also indirectly owns shares through his daughter and son.
• Koeppen also exercised options to acquire 6,154 shares at a price of $36.56.
• The options fully vested in four equal annual installments beginning on August 28, 2020.
• Separately, Jeffrey W. Acre appointed Aaron Wax, Chris Forrester, and Yian Huang as substitute attorneys-in-fact, effective March 18, 2025, to execute Forms 3, 4, and 5 on behalf of several individuals, including Christopher Koeppen.

Sentiment

Score: 6

Explanation: The document primarily reports routine transactions (stock sale under 10b5-1 plan, power of attorney update). While the stock sale could be perceived negatively, the pre-planned nature mitigates concern. Overall, neutral sentiment.

Positives

• The use of a 10b5-1 trading plan suggests a pre-planned and transparent approach to stock sales, potentially mitigating concerns about insider trading.

Negatives

• The sale of shares by an executive could be perceived negatively by some investors, although the 10b5-1 plan mitigates this concern.

Risks

• Executive stock sales, even under 10b5-1 plans, can sometimes create short-term price volatility.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid insider trading concerns. Power of attorney updates are routine administrative matters.

Comparison to Industry Standards

• Executive compensation and stock ownership are typical for companies of Coherent Corp.'s size and industry.
• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to manage their stock sales in compliance with SEC regulations.
• Comparable companies such as IPG Photonics and Lumentum also see regular Form 4 filings related to executive stock transactions.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the potential for short-term price fluctuations.

Key Dates

Keywords

Coherent Corp, Christopher Koeppen, stock sale, Form 4, 10b5-1 plan, power of attorney, insider trading