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The latest update is out from Coherent Corp (COHR).
Coherent Corp. awarded its new CEO, James R. Anderson, with restricted stock units (RSUs) and performance stock units (PSUs) as an incentive upon his hiring. The RSUs will vest over three years, while the PSUs’ vesting is tied to the company’s shareholder return, with various payout levels depending on performance. The agreement also outlines provisions for vesting acceleration in cases of termination or a change in control. The incentive plan aims to align the CEO’s interests with those of shareholders and encourage long-term company growth.
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