Form 4: Axcelis Exec's Tax-Related Share Forfeiture

Axcelis Technologies EVP Greg Redinbo forfeited 208 shares for tax withholding purposes related to restricted stock unit vesting.

Summary

• Greg Redinbo, EVP Marketing and Applications at Axcelis Technologies Inc. (ACLS), reported a change in beneficial ownership.
• On September 15, 2025, 208 shares of common stock were forfeited for tax withholding purposes.
• This forfeiture relates to the vesting of service-vesting restricted stock units (RSUs) granted to the executive in September 2022.
• The shares issued upon vesting were reduced by a number of shares equivalent to the executive's tax withholding obligation.
• The closing price of the common stock on the date of tax withholding was $87.3 per share.
• Following this transaction, Greg Redinbo beneficially owns 32,661 shares of common stock.
• Of the shares held after this vesting event, 19,120 are issuable upon vesting of restricted stock units under the 2012 Equity Incentive Plan and remain subject to forfeiture.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation (RSU vesting and tax withholding), which is neutral in terms of company performance or strategic outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance beyond the details of the reported transaction.

Industry Context

This filing details a routine executive compensation event (restricted stock unit vesting and associated tax withholding) and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary executive compensation event and does not reflect a change in company fundamentals or strategy.

Key Dates

Recommendation

The filing details a routine, non-discretionary tax-related forfeiture of shares by an executive upon the vesting of restricted stock units. This event is part of standard executive compensation and does not indicate any change in the company's operational performance or strategic direction, thus not warranting a change in investment recommendation.

Keywords

Axcelis Technologies, ACLS, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Executive Compensation, Greg Redinbo