Form 4: Axcelis Technologies EVP and CFO James Coogan Reports Share Forfeiture for Tax Withholding

James Gordon Coogan, EVP and CFO of Axcelis Technologies, reported a forfeiture of 433 shares of common stock on October 16, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On October 16, 2024, James Gordon Coogan, the EVP and CFO of Axcelis Technologies, forfeited 433 shares of common stock.
• This forfeiture was related to the vesting of restricted stock units granted in October 2023.
• The forfeited shares were used to cover the executive's tax withholding obligations associated with the vested restricted stock units.
• The price per share was $95.65, representing the closing price of the common stock on the date of the tax withholding.
• Following the transaction, Coogan beneficially owns 1,140 shares of Axcelis Technologies stock.
• Of these shares, 13,914 are issuable upon the vesting of restricted stock units granted under the 2012 Equity Incentive Plan and are subject to forfeiture.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for tax withholding on executive compensation.

Key Dates