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

EVP of Marketing and Applications at Axcelis Technologies, Greg Redinbo, reports forfeiture of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 16, 2025, Greg Redinbo, EVP of Marketing and Applications at Axcelis Technologies, forfeited 190 shares of common stock to cover tax withholding obligations.
• This forfeiture is related to the vesting of restricted stock units granted in May 2022.
• The shares were forfeited at a price of $61.58 per share, which was the closing price of the common stock on the date of the tax withholding.
• Following the transaction, Redinbo beneficially owns 33,603 shares of Axcelis Technologies.
• Of these shares, 22,326 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: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment regarding the company's performance.

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.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Forfeiture, Tax Withholding, Restricted Stock Units, Axcelis Technologies, ACLS, Greg Redinbo