Form 4: Coherent Corp. Interim CFO & Treasurer Reports Stock Transactions
SEC Form 4 Filing
Richard J. Martucci, Interim CFO & Treasurer of Coherent Corp., reports acquisition of shares from performance share units and shares withheld for tax obligations.
Summary
- On August 15, 2024, Richard J. Martucci, Interim CFO & Treasurer of Coherent Corp., reported transactions involving Coherent Corp. common stock.
- Martucci acquired 471 shares of common stock upon payout of Performance Share Units granted in August 2021 at a price of $0.
- The company withheld 135 shares to cover withholding tax obligations, which is not considered an open market transaction.
- Following these transactions, Martucci beneficially owns 28,128 shares of Coherent Corp. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports routine stock transactions by an officer. The acquisition of shares from performance units is mildly positive, suggesting the achievement of performance goals.
Positives
- The acquisition of shares indicates that performance targets were met, resulting in the payout of Performance Share Units.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| August 2021 | Performance Share Units were granted. |
| 08/13/2024 | Date of Earliest Transaction |
| 08/15/2024 | Date of reported transactions: acquisition of shares and withholding for taxes. |
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