Form 4: Axcelis Technologies Executive Greg Redinbo Reports Share Forfeiture for Tax Withholding

Greg Redinbo, EVP of Marketing and Applications at Axcelis Technologies, reported the forfeiture of 777 common stock shares on June 17, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On June 17, 2024, Greg Redinbo, EVP of Marketing and Applications at Axcelis Technologies, forfeited 777 shares of common stock.
• The forfeiture was to cover tax withholding obligations related to the vesting of restricted stock units granted in June 2021.
• The price per share was $138.02, representing the closing price of the common stock on the date of the tax withholding.
• Following the transaction, Redinbo beneficially owns 21,914 shares of Axcelis Technologies common stock, of which 15,028 are issuable on vesting of restricted stock units and are subject to forfeiture.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to executive compensation, with neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It reflects standard practices for managing equity-based compensation.

Stakeholder Impact

• The transaction has a minor impact on the total number of outstanding shares, and is unlikely to significantly affect shareholder value.

Key Dates