The awards are a retention and incentive tool with no near-term catalyst. Monitor COHR's stock price trajectory relative to the $454-$758 hurdles and quarterly TSR ranking vs. the S&P 1500 Electronic Equipment index. The 5-year lock-up on vested shares reduces near-term selling pressure from executives.
Price Chart
Executive Summary
Coherent Corp. disclosed special performance stock unit awards for its CEO ($50M target), CFO ($15M), CTO ($15M), Chief Strategy Officer ($15M), and Chief Supply Chain Officer ($5M) — totaling $100M in target value. The PSUs vest only upon achieving stock price hurdles (10%-25% CAGR) and a relative TSR above the 50th percentile, with a 4-year performance period and an additional 1-year holding period. This is a routine compensation disclosure with no immediate financial impact; the awards are designed to retain key executives and align incentives with long-term shareholder value.
Key Facts
- CEO James R. Anderson received a target PSU award of $50 million.
- CFO Sherri Luther, CTO Julie Eng, and Chief Strategy Officer Rob Beard each received $15 million target PSU awards.
- Chief Supply Chain Officer Jeffrey Place received a $5 million target PSU award.
- Vesting requires simultaneous achievement of stock price hurdles ($454.43 at 10% CAGR to $757.77 at 25% CAGR) and relative TSR above the 50th percentile of the S&P Composite 1500 Electronic Equipment, Instruments & Components Index.
- No PSUs vest until the end of the 4-year performance period, followed by a 1-year holding period (5 years total from grant date).
- Awards are 100% performance-based; no portion vests if hurdles are not met.
Financial Impact
Total target value of $100 million in PSUs, representing ~0.18% of current $54.7B market cap. Maximum payout at 200% of target would be $200 million. Actual dilution depends on stock price performance and share count at vesting, which is not disclosed.
Risk Factors
- If stock price hurdles are not met, executives may depart, creating key-person risk.
- Potential dilution if all PSUs vest at maximum — up to $200M in value, though share count is undisclosed.
- The relative TSR hurdle (above 50th percentile) adds uncertainty; even if stock price rises, poor relative performance could forfeit awards.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-375462 |
| Document: 0001193125-26-375462-index-headers.html | 0001193125-26-375462 |
| Document: 0001193125-26-375462-index.html | 0001193125-26-375462 |
| Document: 0001193125-26-375462.txt | 0001193125-26-375462 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $289.93 $300.60 | ▲ +3.68% | ▲ +1.12% | $325.89 (+12.40%) |
Sep 11, 2026 21d ago | Insider Cluster | $305.37 $317.36 | ▲ +3.93% | ▲ +4.15% | $325.89 (+6.72%) |
Sep 4, 2026 28d ago | Insider Cluster | $281.86 $266.50 | ▼ −5.45% | ▼ −4.24% | $325.89 (+15.62%) |
Sep 3, 2026 29d ago | Insider Cluster | $264.41 $305.37 | ▲ +15.49% | ▲ +16.64% | $325.89 (+23.25%) |
Sep 3, 2026 29d ago | Insider Cluster | $264.41 $305.37 | ▼ −15.49% | ▼ −16.64% | $325.89 (−23.25%) |
Aug 31, 2026 4w ago | 8-K | $277.83 $301.88 | ▲ +8.66% | ▲ +8.80% | $325.89 (+17.30%) |
Jul 15, 2026 11w ago | Institutional Cluster | $299.38 $312.19 | ▲ +4.28% | ▲ +5.26% | $325.89 (+8.85%) |
Jun 20, 2026 14w ago | Institutional Cluster | $425.48 $380.56 | ▼ −10.56% | ▼ −8.49% | $325.89 (−23.41%) |
Jun 11, 2026 16w ago | Institutional Cluster | $363.58 $378.85 | ▲ +4.20% | ▲ +3.77% | $325.89 (−10.37%) |
Apr 28, 2026 22w ago | 8-K | $304.93 $344.67 | ▲ +13.03% | ▲ +9.92% | $325.89 (+6.87%) |
US Market Status
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