Form 4: Coherent Corp. SVP, CAO and Corp Controller Ilaria Mocciaro Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Ilaria Mocciaro, SVP, CAO and Corp Controller of Coherent Corp., reports the withholding of 708 common stock shares to cover tax obligations.
Summary
- On February 28, 2024, Ilaria Mocciaro, SVP, CAO and Corp Controller of Coherent Corp., had 708 shares of common stock withheld by the company to cover withholding tax obligations.
- The transaction did not involve an actual sale or open market transaction.
- Following the transaction, Mocciaro directly owns 11,400 shares of Coherent Corp. common stock.
Sentiment
Score: 7
Explanation: The document is neutral in sentiment as it reports a routine transaction. There are no indications of positive or negative implications for the company's performance.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It reflects standard practice for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| March 8, 2023 | Date of the Limited Power of Attorney granted by Ilaria Mocciaro. |
| February 28, 2024 | Date of the transaction where 708 shares were withheld for tax obligations. |
| February 29, 2024 | Date of signature for the Form 4 filing. |
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