III.
$Coherent (COHR.US)$Vincent "Chuck" D. Mattera Jr.'s Selling Activity:
Timeframe: March to May
Shares Sold: 15,000 shares
Cash Received: $846,700
Average Price: $56.45 per share
Retirement Plan: Having served as Chairman since 2021, Mattera Jr. plans to retire after finding a successor.
Trading Plan: He intends to sell up to 65,000 shares by the end of 2024 and use stock options to purchase and sell an additional 128,620 shares.
2023 Selling Activity: In June, he sold 61,000 shares at 54 per share , raising 3.3 million.
Share Price Movement: Coherent's share price has seen a significant increase of nearly 65% since the start of 2024.
New CEO Announcement: On June 3, the company announced Jim Anderson as its new CEO, who previously served as President and CEO of Lattice Semiconductor. With Mattera Jr.'s retirement and departure from the board, he is no longer considered an insider and is no longer required to disclose his trading activities in Coherent shares.