4/A: Axcelis Technologies EVP and CFO James Coogan Amends Form 4 Filing to Correct Error in Stock Transaction Reporting

James Gordon Coogan, EVP and CFO of Axcelis Technologies, files an amended Form 4 to correct an error in a previous filing regarding the forfeiture of shares for tax withholding related to vested restricted stock units.

Summary

• James Gordon Coogan, the EVP and CFO of Axcelis Technologies, filed an amended Form 4 (Form 4/A) with the SEC on October 17, 2024.
• This amendment corrects an error in the original Form 4 filed on the same date.
• The filing pertains to a transaction on October 16, 2024, where 433 shares of common stock were forfeited for tax withholding purposes.
• This forfeiture was related to the vesting of restricted stock units granted to Coogan in October 2023.
• The shares were forfeited at a price of $95.65 per share, representing the closing price of the common stock on the date of the tax withholding.
• Following the transaction, Coogan beneficially owns 15,054 shares of Axcelis Technologies common stock, of which 13,914 are issuable upon the vesting of restricted stock units and are subject to forfeiture.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative developments for the company, but the correction of an error suggests attention to detail.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares.

Key Dates