Form 4: Axcelis Technologies CEO Russell Low Forfeits Shares for Tax Withholding

CEO Russell Low forfeited shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 16, 2025, Axcelis Technologies CEO Russell Low forfeited 712 shares of common stock at a price of $61.58 per share to cover tax withholding obligations related to the vesting of restricted stock units granted in May 2022.
• Following this transaction, Low directly owns 137,142 shares of Axcelis Technologies.
• 92,361 of these shares are issuable upon the vesting of restricted stock units granted under the 2012 Equity Incentive Plan and are subject to forfeiture.
• On May 17, 2025, Low forfeited an additional 947 shares at a price of $62.01 per share for tax withholding related to RSUs granted in May 2021.
• After this second transaction, Low directly owns 136,155 shares, with 90,321 shares issuable on vesting of restricted stock units granted under the 2012 Equity Incentive Plan and subject to forfeiture.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the forfeiture of shares for tax purposes, which is a common practice.

Key Dates

Keywords

Form 4, Beneficial Ownership, Russell Low, Axcelis Technologies, ACLS, Restricted Stock Units, Tax Withholding, Share Forfeiture, CEO