other material
confidence high
sentiment neutral
materiality 0.60
Coherent grants $100M in performance stock units to CEO and top executives
COHERENT CORP.
- CEO James Anderson receives $50M target PSUs; CFO Sherri Luther, CTO Julie Eng, CSO Rob Beard each $15M; Chief Supply Chain Officer Jeffrey Place $5M.
- PSUs vest only if stock price hits hurdles: $454.43 (10% CAGR), $542.86 (15%), $643.61 (20%), $757.77 (25%) over 60-day average, plus rTSR above 50th percentile.
- No vesting until end of 4-year performance period (Aug 2030) plus 1-year holding period; forfeiture on voluntary termination.
- Company cites CEO's 300%+ TSR since June 2024 and record FY2026 revenue as rationale for retention awards.