Form 4: Coherent Director Sells Shares; New Attorneys Appointed

A Coherent Corp. director sold 2,000 shares of common stock for $122.23 each under a pre-arranged trading plan, while new attorneys-in-fact were appointed for SEC filings.

Summary

• Stephen A. Skaggs, a Director of Coherent Corp., sold 2,000 shares of common stock.
• The sale occurred on August 13, 2025, at a price of $122.23 per share.
• This transaction was executed under a Rule 10b5-1 trading plan established on November 21, 2024.
• Following the sale, Mr. Skaggs directly owns 23,836 shares of Coherent Corp. common stock.
• A Substitute Power of Attorney was executed on March 18, 2025, appointing Chris Forrester and Yian Huang as substitute attorneys-in-fact for various individuals, including Stephen Skaggs, to execute SEC Forms 3, 4, and 5.

Sentiment

Score: 5

Explanation: The filings primarily concern an administrative change in power of attorney and a routine insider stock sale executed under a pre-arranged trading plan, which typically has a neutral impact on sentiment.

Positives

• The director's share sale was pre-planned under a Rule 10b5-1 trading plan, indicating a structured and pre-determined disposition rather than an immediate reaction to market conditions.

Negatives

• A director selling shares, even under a pre-arranged plan, could be perceived negatively by some investors, although the 10b5-1 plan mitigates this concern.

Future Outlook

No specific forward-looking statements or guidance about the company's performance are provided in these administrative and transactional filings.

Industry Context

These filings are administrative and insider transaction disclosures, which do not provide information for broader industry trend analysis.

Corporate Governance

Stakeholder Impact

• Shareholders: The director's sale of shares, while pre-planned, might be noted by investors. The administrative power of attorney change has no direct impact on shareholders.
• Employees, Customers, Suppliers, Creditors: No direct impact from these filings.

Next Steps

• The Substitute Power of Attorney will remain in full force and effect until the underlying Power of Attorney is revoked or terminated, unless earlier revoked by Aaron Wax in a signed writing.
• Future Forms 3, 4, and 5 for the listed individuals will be executed by the newly appointed attorneys-in-fact, Chris Forrester and Yian Huang.

Key Dates

Keywords

Coherent Corp, COHR, Form 4, Insider Trading, Share Sale, Director, Power of Attorney, SEC Filing, Rule 10b5-1