Form 4: Coherent Corp. President Walter Robert Bashaw II Sells Shares Under 10b5-1 Plan

Walter Robert Bashaw II, President of Coherent Corp., executed sales of common stock on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 1, 2024, Walter Robert Bashaw II, President of Coherent Corp., sold 3,775 shares of common stock at a weighted average price of $60.3334 and 600 shares at a weighted average price of $61.0917.
• Following these transactions, Bashaw directly owns 108,409 shares of Coherent Corp. common stock.
• He also indirectly owns 80 shares through children and 1,400 shares through a spouse.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 14, 2023.
• Jeffrey W. Acre, acting as Attorney-in-Fact, signed the Form 4 on April 2, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It is important to note that the sales were conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for corporate executives to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a company president could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates