Form 4: Axcelis Technologies Executive Gerald Blumenstock Reports Share Forfeiture for Tax Withholding

Gerald Blumenstock, EVP of Engineering at Axcelis Technologies, reports the forfeiture of 308 common stock shares to cover tax obligations related to vested restricted stock units.

Summary

• On June 17, 2024, Gerald M. Blumenstock, EVP of Engineering at Axcelis Technologies, forfeited 308 shares of common stock.
• This forfeiture was to cover tax withholding obligations related to the vesting of restricted stock units granted in June 2023.
• The shares were forfeited at a price of $138.02 per share, which was the closing price of the common stock on that date.
• Following the transaction, Blumenstock beneficially owns 9,572 shares of Axcelis Technologies common stock, of which 8,835 are issuable upon the vesting of restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates