Posted: 12/16/2024 03:45 am
For the fiscal year 2024, James R. Anderson, associated with Coherent, Inc., received a total compensation package of $101,497,0091. Despite maintaining a relatively modest base salary of $81,538, Anderson's compensation was primarily driven by a substantial stock award valued at $100,915,375. This compensation structure underscores a market trend emphasizing equity-based incentives to align executive interests with shareholder value, notwithstanding the absence of bonuses and incentive plan compensation in his package.
In comparison, the 2022 fiscal year saw Vincent D. Mattera Jr., the Chief Executive Officer, earning a total compensation of $10,727,9192. With a higher base salary of $980,000 and a significant stock award totalling $6,800,471, Mattera’s compensation underscores Coherent's strategy of integrating competitive equity awards. The inclusion of incentive plan compensation amounting to $2,174,791 further illustrates the company’s focus on performance-linked pay during that period.
The year 2021 presented a slightly different picture, with Mattera's compensation set at $10,459,5363. His package involved a base salary of $950,833 and a stock award of $5,611,783 combined with a notable incentive plan compensation of $3,375,706. The data from these years highlight an evolving compensation landscape within Coherent, shifting gradually towards stock-driven incentives and away from traditional cash bonuses.
As of the latest financial update, Coherent's stock price stands at $106.644. The company has experienced a year-high of $113.6 and a year-low of $40.12, indicating substantial volatility in its market performance. With a market capitalization of over $16 billion and earnings per share (EPS) at -1.23, the firm appears to be navigating a challenging financial environment as evidenced by its negative price-to-earnings (PE) ratio. These financial pressures might explain the heavy reliance on long-term stock awards in executive compensation, incentivizing leadership to drive the company back to profitability.
In conclusion, Coherent’s executive compensation strategies, characterized by significant stock awards, reflect a broader industry trend of aligning corporate governance with shareholder interests amidst financial uncertainties. As investors keep a close watch on market trends and performance metrics, Coherent’s leadership incentivized through equity-based rewards may influence strategic decisions aimed at enhancing company value.
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1. SEC EDGAR, Coherent 2024 Compensation Data: [Link](https://www.sec.gov/Archives/edgar/data/820318/000119312524232597/0001193125-24-232597-index.htm)
2. SEC EDGAR, Coherent 2022 Compensation Data: [Link](https://www.sec.gov/Archives/edgar/data/820318/000119312523246425/0001193125-23-246425-index.htm)
3. SEC EDGAR, Coherent 2021 Compensation Data: [Link](https://www.sec.gov/Archives/edgar/data/820318/000119312522258711/0001193125-22-258711-index.htm)
4. Coherent, Inc. Market Snapshot: [Link not available]