Form 4: Axcelis Technologies Executive Chairperson Puma Reports Stock Transactions Following RSU Vesting
SEC Form 4
Mary G. Puma, Executive Chairperson of Axcelis Technologies, reports the forfeiture of shares for tax withholding purposes related to the vesting of performance-based restricted stock units (PRSUs) and subsequent adjustments to beneficial ownership.
Summary
- On February 28, 2024, Mary G. Puma, the Executive Chairperson of Axcelis Technologies, reported transactions related to the vesting of performance-based restricted stock units (PRSUs).
- The transactions involved the forfeiture of 6,289 shares and 6,828 shares to cover tax withholding obligations associated with the vesting of PRSUs granted in May 2022 and May 2023, respectively.
- Following these transactions, Puma directly owns 249,370 shares of Axcelis Technologies common stock and indirectly owns 5,000 shares held by their spouse.
- The PRSUs were determined to be earned based on resolutions by the Axcelis Technologies, Inc. Compensation Committee on February 16, 2023, and February 8, 2024.
- The vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation, with no inherent positive or negative sentiment.
Key Dates
| Date | Description |
|---|---|
| 2022-05 | PRSUs granted to the executive in May 2022. |
| 2023-02-16 | Axcelis Technologies, Inc. Compensation Committee resolution regarding PRSUs earned. |
| 2023-02-28 | Half of the earned shares vested on February 28, 2023. |
| 2023-05 | PRSUs granted to the executive in May 2023. |
| 2024-02-08 | Axcelis Technologies, Inc. Compensation Committee resolution regarding PRSUs earned. |
| 2024-02-28 | Forfeiture of shares for tax withholding purposes and vesting of PRSUs. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.