Coherent grants $100 million in special performance stock units to five executives
Coherent's Compensation Committee approved special performance stock units (PSUs) on August 27, 2026, for five senior leaders, including CEO James R. Anderson with a $50 million target value. The awards are not part of the regular pay program, and they vest only if stock price hurdles from $454.43 to $757.77 are met alongside relative total shareholder return above the 50th percentile, with a four-year performance period and a one-year holding period after that.
Key points
- Total target value of about $100 million: Anderson $50 million, CFO Sherri Luther $15 million, Julie Eng $15 million, Rob Beard $15 million, Jeffrey Place $5 million
- Four stock price hurdles range from $454.43 (10% of target earned) to $757.77 (200% earned), measured over 60 consecutive calendar days
- Awards may vest only after the four-year Performance Period ends, and vested shares cannot be traded for five years from the grant date
- Forfeiture applies to unearned PSUs on voluntary resignation, termination for cause, or termination without cause before milestones are met, including death or disability
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.