Form 4: Axcelis Technologies Executive Douglas Lawson Reports Stock Transaction
SEC Form 4
Douglas Lawson, EVP at Axcelis Technologies, reports a transaction involving the forfeiture of shares for tax withholding related to vesting restricted stock units.
Summary
- On May 17, 2024, Douglas Lawson, EVP of Corporate Marketing & Strategy at Axcelis Technologies, had a transaction involving common stock.
- Lawson forfeited 743 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
- The forfeiture price was $113.23 per share.
- Following the transaction, Lawson beneficially owns 17,202 shares of Axcelis Technologies common stock.
- 7,010 of these shares 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: The document is a standard regulatory filing detailing a routine stock transaction, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of stock forfeiture for tax withholding. |
| 05/20/2024 | Date of report signature. |
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