Greg Redinbo - 15 May 2023 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Role
EVP Marketing and Applications
Signature
Lynnette C. Fallon, as attorney in fact for Greg Redinbo, Ph.D.
Issuer symbol
ACLS
Transactions as of
15 May 2023
Net transactions value
$0
Form type
4
Filing time
16 May 2023, 16:54:32 UTC
Previous filing
15 Sep 2022
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Award $0 +2,404 +16% $0.000000 17,323 15 May 2023 Direct F1, F2
transaction ACLS Common Stock Award $0 +2,404 +14% $0.000000 19,727 15 May 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan. Assuming continuation of employment, 25% of these restricted stock units will vest on each of May 15, 2024, May 15, 2025, May 15, 2026 and May 15, 2027.
F2 Of the shares held after this first grant on May 15, 2023, 15,300 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F3 In this grant under the Company's 2012 Equity Incentive Plan, the executive may earn shares of common stock, ranging from zero to 150% of the granted units. The shares are earned based on the achievement of 2023 performance goals. Assuming continuation of employment,50% of the earned shares will vest on February 28, 2024 and 50% of the earned shares will vest on February 28, 2025. Unearned restricted stock units will forfeit on February 28, 2024.
F4 Of the shares held after this second grant on May 15, 2023, 17,704 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.