Greg Redinbo - 28 Feb 2025 Form 4 Insider Report for AXCELIS TECHNOLOGIES INC (ACLS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Mar 2025, 16:30:25 UTC
Prior SEC filing
19 Nov 2024
Next SEC filing
19 May 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lynnette C. Fallon, Attorney-in-Fact

Key filing fact

Greg Redinbo filed Form 4 for AXCELIS TECHNOLOGIES INC (ACLS) on 04 Mar 2025.

Key facts

  • This page summarizes Greg Redinbo's Form 4 filing for AXCELIS TECHNOLOGIES INC (ACLS).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 04 Mar 2025, 16:30.

Change

  • Previous filing in this sequence was filed on 19 Nov 2024.
  • Current net transaction value: -$66,844.

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

Tax liability

Transaction value
$25,806
Shares
-471
Change %
-2%
Price
$54.79
Shares after
22,632
Date
28 Feb 2025
Ownership
Direct
Footnotes
F1, F2, F3
ACLS transaction

Common Stock

Tax liability

Transaction value
$41,038
Shares
-749
Change %
-3.3%
Price
$54.79
Shares after
21,883
Date
28 Feb 2025
Ownership
Direct
Footnotes
F2, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

This forfeiture of shares for tax withholding purposes relates to the vesting on February 28, 2025 of performance based restricted stock units ("2023 PRSUs") granted to the executive in May 2023. The units vesting on the 2023 PRSUs were deemed earned by the Compensation Committee in February 2024, and the shares vesting on February 28, 2025 represent the final tranche of that grant. 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 2023 PRSUs.

Footnote F2

Represents the closing price of the Company's common stock on February 28, 2025, the date of the tax withholding.

Footnote F3

Of the shares held as of February 28, 2025 after the vesting of the 2023 PRSUs, 14,123 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 F4

This forfeiture of shares for tax withholding purposes relates to the vesting on February 28, 2025 of performance based restricted stock units ("2024 PRSUs") granted to the executive in May 2024. Of the 2024 PRSUs granted, 150% were determined to be earned by the executive pursuant to a resolution of the Axcelis Technologies, Inc. Compensation Committee on February 13, 2025, and half of the earned shares vested on February 28, 2025. 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 2024 PRSUs.

Footnote F5

Of the shares held as of February 28, 2025 after the vesting of the 2024 PRSUs, 11,985 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.

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