Kevin Brewer - Dec 6, 2023 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Role
EVP & Chief Financial Officer
Signature
Lynnette C. Fallon, as attorney in fact for Kevin J. Brewer
Stock symbol
ACLS
Transactions as of
Dec 6, 2023
Transactions value $
$0
Form type
4
Date filed
1/2/2024, 05:53 PM
Previous filing
May 25, 2023
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Tax liability $0 -5.43K -21.68% $0.00 19.6K Dec 6, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This forfeiture of shares for tax withholding purposes relates to the vesting on December 6, 2023 of certain restricted stock units granted to the executive in accordance with the Company's Executive Equity Retirement Program. As agreed with the executive, the shares issued to the executive on the vested shares were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested shares.
F2 These shares were withheld by the Company to cover the tax withholding obligations of the executive on the vesting of restricted stock units on December 6, 2023.
F3 Of the shares beneficially owned by the executive on December 6, 2023 after the vesting of certain restricted stock units under the Company's Executive Equity Retirement Program, 8,281 shares were issuable on vesting of restricted stock units which are subject to forfeiture.