Form 4: Axcelis Technologies Director Jeanne Quirk Acquires Shares Through Restricted Stock Units

Director Jeanne Quirk acquired 1,162 shares of Axcelis Technologies through the vesting of restricted stock units on May 15, 2024.

Summary

• On May 15, 2024, Jeanne Quirk, a director of Axcelis Technologies, acquired 1,162 shares of common stock.
• The acquisition was due to the vesting of restricted stock units granted under the company's 2012 Equity Incentive Plan.
• The shares were acquired at a price of $0.
• Following the transaction, Quirk beneficially owns 7,662 shares of Axcelis Technologies.
• 2,305 of the shares held are issuable on vesting of restricted stock units granted to the director under the 2012 Equity Incentive Plan and are subject to forfeiture.

Sentiment

Score: 6

Explanation: The document indicates a routine transaction related to director compensation, suggesting a neutral sentiment. The director's acquisition of shares is a positive sign, but it's a standard practice.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The restricted stock units acquired on May 15, 2024, will vest on May 15, 2025, assuming completion of the director's current term of service on the Board of Directors.

Industry Context

Director share acquisitions are common in the technology industry as part of executive compensation packages, aligning management interests with shareholder value.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates