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

Axcelis Technologies' EVP of Marketing and Applications, Greg Redinbo, reported the forfeiture of 734 common shares valued at $68.96 each for tax withholding purposes related to the vesting of restricted stock units.

Summary

• Greg Redinbo, EVP Marketing and Applications at Axcelis Technologies Inc. (ACLS), reported a transaction on June 16, 2025.
• The transaction involved the forfeiture of 734 shares of common stock.
• The shares were forfeited at a price of $68.96 per share, representing the closing price on the date of tax withholding.
• This forfeiture was for tax withholding purposes, related to the vesting of service vesting restricted stock units (RSUs) granted to the executive in June 2021, which vested on June 15, 2025.
• Following this transaction, Greg Redinbo beneficially owns 32,869 shares of common stock.
• Of the shares held, 19,826 are issuable upon future vesting of restricted stock units under the 2012 Equity Incentive Plan and remain subject to forfeiture.

Sentiment

Score: 6

Explanation: The transaction itself (tax withholding) is neutral, but it stems from the positive event of RSU vesting, indicating executive compensation and retention. The overall sentiment is slightly positive due to the underlying vesting event.

Positives

• The underlying event is the vesting of restricted stock units, which represents a positive compensation event for the executive.
• The transaction demonstrates compliance with tax obligations related to executive compensation.

Negatives

• The forfeiture of shares reduces the executive's direct shareholding, although this is a standard procedure for tax withholding on RSU vesting.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an executive's share transaction, specifically related to tax withholding on RSU vesting. It does not provide information directly related to broader industry trends or competitive dynamics within the semiconductor equipment manufacturing sector where Axcelis Technologies operates.

Stakeholder Impact

• Shareholders: The transaction is a routine disclosure of executive compensation and tax compliance, with minimal direct impact on share price or company operations. It reflects standard executive compensation practices.
• Employees: The vesting of RSUs and subsequent tax withholding is a common form of equity compensation, potentially signaling a stable compensation structure for executives.

Key Dates

Keywords

Axcelis Technologies, ACLS, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Tax Withholding, Executive Compensation, Greg Redinbo, Share Forfeiture