Coherent grants 147k RSUs and 694k target PSUs to new CEO James Anderson

COHERENT CORP.

RSUs cover 147,214 shares vesting in three equal annual installments starting June 3, 2025.
PSUs target 694,007 shares; payout 0-250% based on TSR vs S&P 1500 Electronic Equipment Index through June 30, 2027.
PSU payout capped at 100% if Coherent's absolute TSR is negative over the performance period.
Awards are inducement grants under NYSE Rule 303A.08; CEO James Anderson started June 3, 2024.
On qualifying termination during non-CIC period, PSUs prorated with 12-month service credit at greater of target or actual.

item 5.02 item 9.01

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Appointed

James R. Anderson

Chief Executive Officer

COHR · COHERENT CORP.

Effective: 2024-06-03
Filed: June 6, 2024, 7:59 PM ET

Coherent Corp. (the “Company”) made awards of restricted stock units (“RSU”) and performance stock units (“PSUs”) to its new Chief Executive Officer, James R. Anderson, effective on his start date, June 3, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Anderson was appointed as Chief Executive Officer at COHERENT CORP..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Coherent Corp. (the “Company”) made awards of restricted stock units (“RSU”) and performance stock units (“PSUs”) to its new Chief Executive Officer, James R. Anderson, effective on his start date, June 3, 2024.

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COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-24-155356

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