4/A: Axcelis Technologies Executive Greg Redinbo Corrects Share Holdings After Vesting Event

Axcelis Technologies EVP Greg Redinbo files an amended Form 4 to correct the number of shares and unvested restricted stock units held after a vesting event on September 16, 2024.

Summary

• This document is an amended SEC Form 4, filed by Greg Redinbo, EVP of Marketing and Applications at Axcelis Technologies.
• The form corrects a previous filing regarding a vesting event of restricted stock units on September 16, 2024.
• The correction was necessary due to a mathematical error in the original filing.
• As part of the vesting, 236 shares were forfeited to cover tax withholding obligations at a price of $98.86 per share.
• After the forfeiture, Mr. Redinbo holds 21,678 shares, of which 14,321 are unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. The correction shows a commitment to accuracy.

Industry Context

This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies. It does not indicate any specific industry trend or competitive activity.

Comparison to Industry Standards

• The reporting of share transactions by executives is a standard practice across all publicly listed companies.
• The use of restricted stock units as part of executive compensation is also a common practice.
• The correction of errors in SEC filings is not unusual and demonstrates a commitment to accurate reporting.

Stakeholder Impact

• The correction ensures accurate information for shareholders regarding executive share ownership.
• The filing demonstrates transparency and adherence to regulatory requirements.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Axcelis Technologies, Restricted Stock Units, Vesting, Share Forfeiture, Executive Compensation