Form 4: Axcelis CFO's RSU Vesting Triggers Tax Share Forfeiture
Insider Transaction Report
Axcelis Technologies' EVP and CFO, James G. Coogan, reported a forfeiture of 713 shares of common stock for tax withholding purposes following the vesting of restricted stock units.
Summary
- James G. Coogan, Executive Vice President and Chief Financial Officer of Axcelis Technologies Inc. (ACLS), reported a transaction on October 16, 2025.
- The transaction involved the forfeiture of 713 shares of common stock for tax withholding purposes.
- This forfeiture was related to the vesting of service vesting restricted stock units (RSUs) granted to the executive in October 2023.
- The shares were valued at $83.62 per share, representing the closing price of the common stock on the date of the tax withholding.
- Following this transaction, Mr. Coogan beneficially owns 38,944 shares of common stock.
- Of the shares held, 34,657 are issuable upon vesting of restricted stock units granted under the 2012 Equity Incentive Plan and remain subject to forfeiture conditions.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary tax withholding event related to executive compensation and does not indicate any material positive or negative operational or financial developments for the company.
Industry Context
This filing reports a routine executive compensation event and does not provide specific insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction related to executive compensation, not a discretionary sale or purchase that would signal management's view on the stock's future.
Key Dates
| Date | Description |
|---|---|
| October 2023 | Grant date of service vesting restricted stock units to the executive. |
| 10/16/2025 | Date of RSU vesting and associated share forfeiture for tax withholding. |
| 10/17/2025 | Date the Form 4 was filed. |
Recommendation
holdThis Form 4 reports a routine, non-discretionary tax withholding event related to executive compensation. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should continue to evaluate Axcelis Technologies based on its fundamental business performance and market outlook.
Keywords
Axcelis Technologies, ACLS, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Common Stock
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