| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACLS | Common Stock | Tax liability | -$25.8K | -471 | -2.04% | $54.79 | 22.6K | Feb 28, 2025 | Direct | F1, F2, F3 |
| transaction | ACLS | Common Stock | Tax liability | -$41K | -749 | -3.31% | $54.79 | 21.9K | Feb 28, 2025 | Direct | F2, F4, F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| 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. |
| F2 | Represents the closing price of the Company's common stock on February 28, 2025, the date of the tax withholding. |
| 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. |
| 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. |
| 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. |