Lynnette C. Fallon - Jun 5, 2024 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Signature
/s/ Lynnette C. Fallon
Stock symbol
ACLS
Transactions as of
Jun 5, 2024
Transactions value $
-$30,271
Form type
4
Date filed
6/5/2024, 04:15 PM
Previous filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACLS Common Stock Tax liability -$30.3K -272 -0.89% $111.29 30.4K Jun 5, 2024 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 in May 2024 of 4 service vesting restricted stock units granted to the executive in May 2020, 2021, 2022 and 2023. As agreed with the executive, the shares issued to the executive on those vesting events were reduced by a number of shares to cover the executive's tax withholding obligation with respect to the vested restricted stock units. However, the number of shares withheld on the vesting dates was insufficient to cover a Massachusetts income tax surcharge applicable to the executive, so additional shares have been withheld to cover the shortfall, as reported herein.
F2 Represents the closing price of the common stock on the date prior to the tax withholding.
F3 Of the shares held after this forfeiture event on June 5, 2024, 11,845 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.