Form 4: Axcelis Technologies Director Thomas St. Dennis Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Thomas St. Dennis reports acquisition of 3,586 restricted stock units in Axcelis Technologies, Inc.
Summary
- On May 15, 2025, Thomas St. Dennis, a director of Axcelis Technologies Inc. (ACLS), reported the acquisition of 3,586 shares of common stock.
- These shares were acquired through the vesting of restricted stock units granted under the company's 2012 Equity Incentive Plan.
- The restricted stock units were granted on May 15, 2025, and will vest on May 15, 2026, assuming the director completes their current term of service on the Board of Directors.
- Following the reported transaction, St. Dennis beneficially owns 17,155 shares of Axcelis Technologies Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard equity compensation transaction. It doesn't indicate any specific positive or negative outlook for the company.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
Future Outlook
The restricted stock units will vest on May 15, 2026, contingent on the director's continued service on the Board of Directors.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency regarding the holdings of company insiders.
Stakeholder Impact
- The transaction increases the director's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 2025-05-08 | Date of Power of Attorney execution, authorizing attorneys to act on behalf of Thomas St. Dennis for Section 16(a) filings. |
| 2025-05-15 | Date of transaction: Thomas St. Dennis acquired 3,586 shares of common stock through restricted stock units. |
| 2026-05-15 | Vesting date for the restricted stock units, contingent on continued service on the Board of Directors. |
Keywords
Axcelis Technologies, Director, Stock Acquisition, Restricted Stock Units, Form 4, ACLS, Equity Incentive Plan, Beneficial Ownership
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