Form 4: Axcelis Technologies Executive VP Lynnette C. Fallon Reports Stock Transactions

Lynnette C. Fallon, Executive VP at Axcelis Technologies, reports the acquisition and disposal of company stock related to restricted stock units.

Summary

• On May 15, 2024, Lynnette C. Fallon, Executive VP at Axcelis Technologies, acquired 3,200 shares of common stock upon the vesting of restricted stock units granted under the company's 2012 Equity Incentive Plan.
• Also on May 15, 2024, Fallon disposed of 1,017 shares and 300 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units granted in May 2023 and May 2020, respectively, at a price of $112.94 per share.
• On May 16, 2024, Fallon disposed of 628 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units granted in May 2022, at a price of $113.57 per share.
• Following these transactions, Fallon directly owns 31,550 shares of Axcelis Technologies common stock, with 13,809 of those shares issuable on vesting of restricted stock units and subject to forfeiture.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Future Outlook

The executive may earn shares of common stock, ranging from zero to 150% of the granted units, based on the achievement of 2024 performance goals.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, common in publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates