Coherent announced inducement grants to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective October 11, 2024. The awards include two RSU grants: 15,902 shares vesting over three years and 63,154 shares vesting over two years, both subject to continued employment.Additionally, Luther received PSUs targeting 118,583 shares, with vesting tied to the company's total shareholder return through June 30, 2027. The PSU payout ranges from 0% to 200% based on performance percentile, with a 100% cap if absolute TSR is negative. Performance is measured against the S&P Composite 1500—Electronic Equipment, Instruments & Components index.All awards include standard vesting provisions for termination and change in control scenarios, aligned with the company's Revised Executive Severance Plan. These grants were made as material inducement to Luther joining Coherent as CFO and Treasurer, in accordance with NYSE Rule 303A.08.

Coherent announced inducement grants to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective October 11, 2024. The awards include two RSU grants: 15,902 shares vesting over three years and 63,154 shares vesting over two years, both subject to continued employment.Additionally, Luther received PSUs targeting 118,583 shares, with vesting tied to the company's total shareholder return through June 30, 2027. The PSU payout ranges from 0% to 200% based on performance percentile, with a 100% cap if absolute TSR is negative. Performance is measured against the S&P Composite 1500—Electronic Equipment, Instruments & Components index.All awards include standard vesting provisions for termination and change in control scenarios, aligned with the company's Revised Executive Severance Plan. These grants were made as material inducement to Luther joining Coherent as CFO and Treasurer, in accordance with NYSE Rule 303A.08.