Douglas A. Lawson - 15 May 2024 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Signature
/s/ Lynnette C. Fallon, Attorney-in-Fact
Issuer symbol
ACLS
Transactions as of
15 May 2024
Net transactions value
-$187,028
Form type
4
Filing time
17 May 2024, 16:15:47 UTC
Previous filing
01 Mar 2024
Next filing
20 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Award $0 +1,365 +7.5% $0.000000 19,598 15 May 2024 Direct F1, F2
transaction ACLS Common Stock Tax liability $97,241 -861 -4.4% $112.94 18,737 15 May 2024 Direct F3, F4, F5
transaction ACLS Common Stock Tax liability $28,913 -256 -1.4% $112.94 18,481 15 May 2024 Direct F4, F6, F7
transaction ACLS Common Stock Tax liability $60,874 -536 -2.9% $113.57 17,945 16 May 2024 Direct F4, F8, F9
* 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 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. 100% of the earned shares will vest on February 28, 2025. Unearned restricted stock units will forfeit on February 28, 2025.
F2 Of the shares held after this grant on May 15, 2024, 13,192 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
F3 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.
F4 Represents the closing price of the common stock on the date of the tax withholding.
F5 Of the shares held after this vesting event on May 15, 2024, 10,469 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.
F6 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 2020. 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.
F7 Of the shares held after this vesting event on May 15, 2024, 9,893 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.
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.
F9 Of the shares held after this vesting event on May 16, 2024, 8,685 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.