Form 4: Axcelis Technologies Executive Greg Redinbo Reports Share Forfeiture for Tax Withholding
SEC Form 4 Filing
EVP of Marketing and Applications at Axcelis Technologies, Greg Redinbo, reports a share forfeiture to cover tax obligations related to vested restricted stock units.
Summary
- On September 16, 2024, Greg Redinbo, EVP of Marketing and Applications at Axcelis Technologies, forfeited 236 shares of common stock to cover tax withholding obligations.
- This forfeiture was related to the vesting of restricted stock units granted in September 2022.
- The shares were forfeited at a price of $98.86 per share, representing the closing price of Axcelis Technologies' common stock on that date.
- Following the transaction, Redinbo directly owns 22,455 shares, of which 16,821 are issuable upon the vesting of restricted stock units and are subject to forfeiture.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations. It doesn't indicate positive or negative sentiment towards the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's outlook or performance.
Key Dates
| Date | Description |
|---|---|
| September 2022 | Date of original grant of restricted stock units. |
| 09/16/2024 | Date of share forfeiture and vesting of restricted stock units. |
| 09/17/2024 | Date of report filing. |
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