Greg Redinbo - 15 May 2024 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Reporting relationship: EVP MARKETING AND APPLICATIONS
Issuer ticker: ACLS
Reported as of: 15 May 2024
Net transaction value: -$41,569
SEC form: 4
Accepted by SEC: 17 May 2024, 16:15:51 UTC
Prior SEC filing: 01 Mar 2024
Next SEC filing: 18 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Lynnette C. Fallon, Attorney-in-Fact

Key filing fact

Greg Redinbo filed Form 4 for AXCELIS TECHNOLOGIES INC (ACLS) on 17 May 2024.

Key facts

This page summarizes Greg Redinbo's Form 4 filing for AXCELIS TECHNOLOGIES INC (ACLS).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 May 2024, 16:15.

Change

Previous filing in this sequence was filed on 01 Mar 2024.
Current net transaction value: -$41,569.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ACLS transaction

Common Stock

Award

Transaction value: $0
Shares: +2,849
Change %: +16%
Price: $0.000000
Shares after: 20,209
Date: 15 May 2024
Ownership: Direct
Footnotes: F1, F2

ACLS transaction

Common Stock

Award

Transaction value: $0
Shares: +2,849
Change %: +14%
Price: $0.000000
Shares after: 23,058
Date: 15 May 2024
Ownership: Direct
Footnotes: F3, F4

ACLS transaction

Common Stock

Tax liability

Transaction value: $19,990
Shares: -177
Change %: -0.77%
Price: $112.94
Shares after: 22,881
Date: 15 May 2024
Ownership: Direct
Footnotes: F5, F6, F7

ACLS transaction

Common Stock

Tax liability

Transaction value: $21,578
Shares: -190
Change %: -0.83%
Price: $113.57
Shares after: 22,691
Date: 16 May 2024
Ownership: Direct
Footnotes: F6, F8, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan on May 15, 2024. Assuming continuation of employment, these restricted stock units will vest as to 25% of the shares granted on each of May 15, 2025, May 15, 2026, May 15, 2027, and May 15, 2028.

Footnote F2

Of the shares held following this grant on May 15, 2024, 15,923 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.

Footnote F3

These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan on May 15, 2024. In this grant, 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 2024 performance goals. Assuming continuation of employment, 50% of the earned shares will vest on February 28, 2025, and 50% of the earned shares will vest on February 28, 2026. Unearned restricted stock units will forfeit on February 28, 2025.

Footnote F4

Of the shares held after this grant on May 15, 2024, 18,772 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.

Footnote F5

This forfeiture of shares for tax withholding purposes relates to the vesting on May 15, 2024 of service vesting restricted stock units granted to the executive in May 2023. As agreed with the executive, the shares issued to the executive on the vesting were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested restricted stock units.

Footnote F6

Represents the closing price of the common stock on the date of the tax withholding.

Footnote F7

Of the shares held after this vesting event on May 15, 2024, 18,171 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.

Footnote F8

This forfeiture of shares for tax withholding purposes relates to the vesting on May 16, 2024 of service vesting restricted stock units granted to the executive in May 2022. As agreed with the executive, the shares issued to the executive on the vesting were reduced by a number of shares having a value equal to the executive's tax withholding obligation with respect to the vested restricted stock units.

Footnote F9

f the shares held after this vesting event on May 16, 2024, 17,528 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.