Form 4: Axcelis Technologies Executive Christopher Tatnall Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Christopher Tatnall, EVP Global Customer Operations at Axcelis Technologies, reports the forfeiture of 907 common stock shares to cover tax withholding obligations related to vested restricted stock units.
Summary
- On April 21, 2025, Christopher Tatnall, EVP Global Customer Operations at Axcelis Technologies, forfeited 907 shares of common stock to cover tax withholding obligations.
- This forfeiture is related to the vesting of restricted stock units (RSUs) granted in April 2022, which vested on April 18, 2025.
- The shares were withheld by the company at a price of $45.23 per share, which was the closing price of Axcelis Technologies' common stock on April 21, 2025.
- Following the transaction, Tatnall beneficially owns 12,660 shares of Axcelis Technologies common stock, of which 8,754 are issuable upon the vesting of RSUs and are subject to forfeiture.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| April 2022 | Date of grant of restricted stock units (RSUs) to the executive. |
| April 18, 2025 | Date of vesting of the restricted stock units (RSUs). |
| 04/21/2025 | Date of the transaction (stock forfeiture) and closing price of $45.23. |
| 04/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Christopher Tatnall, Axcelis Technologies, ACLS, Stock Forfeiture, Tax Withholding, Restricted Stock Units, RSUs, Executive Compensation
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