Form 4: Coherent Corp. President Walter Robert Bashaw II Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Walter Robert Bashaw II, President of Coherent Corp., executed multiple sales of common stock on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 1, 2024, Walter Robert Bashaw II, President of Coherent Corp., sold 3,000 shares of common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 14, 2023.
- The transactions involved multiple sales at weighted average prices ranging from $65.556 to $69.765.
- Following the reported transactions, Bashaw directly owns 85,860 shares of Coherent Corp. common stock.
- Bashaw also indirectly owns 80 shares through children and 1,400 shares through a spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding concerns about trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| June 27, 2019 | Date of Power of Attorney execution. |
| December 14, 2023 | Date the reporting person adopted the Rule 10b5-1 trading plan. |
| August 01, 2024 | Date of the reported stock sale transactions. |
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