Coherent withholds 18,284 CFO shares for taxes
The withheld shares related to a restricted stock unit award granted in 2024 and were used for tax withholding, not a market sale.
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Rhea-AI Filing Summary
Coherent Corp. Chief Financial Officer Sherri R. Luther had 18,284 common shares withheld on October 12, 2026, to discharge withholding tax obligations tied to vesting of restricted stock units. The company withheld the shares; they did not constitute an actual sale or open-market transaction. The reported per-share price was $312.62, and her directly held common stock position after the transaction was 52,571 shares.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 18,284 | $312.62 | $5.72M |
Footnotes (2)
- F1. Withheld shares are in connection with the vesting of a restricted stock unit award of 79,056 shares granted to the reporting person on October 11, 2024, of which 15,902 of the restricted stock units vest in three equal annual installments beginning on October 11, 2025, and 63,154 of the restricted stock units vest in two equal annual installments beginning on October 11, 2025.
- F2. These shares were withheld by the company to discharge withholding tax obligations of the reporting person and do not constitute an actual sale or other open market transaction.
Key Figures
Key Terms
restricted stock unit award financial
withholding tax obligations financial
open market transaction financial
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