Julie Sheridan Eng - Dec 6, 2023 Form 4 Insider Report for COHERENT CORP. (COHR)

Signature
/s/ Jeffrey W. Acre, Attorney-in-Fact
Stock symbol
COHR
Transactions as of
Dec 6, 2023
Transactions value $
-$308,652
Form type
4
Date filed
12/7/2023, 05:37 PM
Previous filing
Sep 5, 2023
Next filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COHR Common Stock Options Exercise $87.5K +2.97K +9.68% $29.50 33.6K Dec 6, 2023 Direct
transaction COHR Common Stock Sale -$396K -9.9K -29.47% $40.01 23.7K Dec 6, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COHR Stock Options (Right to buy) Options Exercise $0 -2.97K -100% $0.00* 0 Dec 6, 2023 Common Stock 2.97K $29.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2023.
F2 Represents the weighted average of multiple sale transactions ranging in price from $40.00 to $40.20. The reporting person agrees to provide full information regarding the number of shares sold at each separate price upon request by the SEC staff, the Company or a security holder of the Company.
F3 These options will vest in four equal annual installments beginning on November 28, 2020.