Form 4: Axcelis Technologies Executive Reports Share Forfeiture for Tax Withholding
SEC Form 4 Filing
Christopher Tatnall, EVP Global Customer Operations at Axcelis Technologies, reports a forfeiture of 83 common stock shares to cover tax obligations related to vested restricted stock units.
Summary
- On September 16, 2024, Christopher Tatnall, EVP Global Customer Operations at Axcelis Technologies, forfeited 83 shares of common stock.
- The forfeiture was to cover tax withholding obligations related to the vesting of restricted stock units granted in September 2023.
- The price per share used for the tax withholding calculation was $98.86, the closing price of the common stock on that date.
- Following the transaction, Tatnall directly owns 13,288 shares of Axcelis Technologies common stock, of which 11,342 are issuable on 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 and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| September 2023 | Date of grant of service vesting restricted stock units to the executive. |
| 09/16/2024 | Date of transaction: Forfeiture of shares for tax withholding purposes and vesting of restricted stock units. |
| 09/17/2024 | Date of signature of the report. |
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