Evans Eileen 4
4 · AXCELIS TECHNOLOGIES INC · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Axcelis (ACLS) EVP Eileen Evans Receives RSU Award
What Happened Eileen Evans, EVP, General Counsel and Secretary of Axcelis Technologies (ACLS), received equity awards on May 15, 2026 consisting of two grants of 3,893 restricted stock units (RSUs) each (total 7,786 RSUs). Simultaneously, 867 shares were forfeited/withheld to satisfy tax withholding obligations related to a prior RSU vesting, with a withholding value calculated at $155.18 per share (867 x $155.18 = $134,541).
Key Details
- Transaction types: A = Award/Grant (two awards of 3,893 RSUs) and F = Tax withholding (867 shares disposed to cover taxes).
- Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (timely within required business-day window).
- Tax withholding: 867 shares withheld at $155.18 closing price (total value $134,541).
- Vesting/forfeiture notes: Newly granted RSUs include service-vesting and performance-based awards; several footnotes disclose RSUs subject to future forfeiture/vesting (examples cited in filing: 27,723; 31,616; and 29,823 shares are referenced as issuable on vesting and subject to forfeiture).
- Award vesting schedules: Service RSUs generally vest one-third on each of May 15, 2027, 2028 and 2029 (assuming continued employment). Performance RSUs may pay 0–200% based on relative total shareholder return for 2026–2028, with earned shares measured/vesting in 2029.
Context
- These transactions are primarily award/grant activity (not an open-market purchase or sale). Awards and tax-withholdings are common executive compensation mechanics — awards indicate compensation alignment but are not the same as an outright purchase (which some investors view as a stronger bullish signal).
- The 867-share disposal was a tax withholding related to vested RSUs (cashless-like withholding), not an open-market sale.
Insider Transaction Report
Form 4
Evans Eileen
EVP, General Counsel and Sec'y
Transactions
- Award
Common Stock
[F1][F2]2026-05-15+3,893→ 29,195 total - Award
Common Stock
[F3][F4]2026-05-15+3,893→ 33,088 total - Tax Payment
Common Stock
[F6][F5][F7]2026-05-15$155.18/sh−867$134,541→ 32,221 total
Footnotes (7)
- [F1]These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan on May 15, 2026. Assuming continuation of employment, these restricted stock units will vest as to one-third of the shares granted on each of May 15, 2027, May 15, 2028, and May 15, 2029.
- [F2]Of the shares held following this grant on May 15, 2026, 27,723 were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture. This amount includes restricted stock units earned by the reporting person upon the achievement of 112.5% of the restricted stock units granted in 2025 based upon the achievement of 2025 performance goals.
- [F3]These shares are issuable on vesting of restricted stock units granted under the Company's 2012 Equity Incentive Plan on May 15, 2026. In this grant, the executive may earn shares of common stock, ranging from zero to 200% of the granted units. The shares are earned based on the achievement of performance goals based on relative total shareholder return over a performance period of January 1, 2026 to December 31, 2028. Assuming continuation of employment, 100% of the earned shares will vest on measurement of performance in 2029. Unearned restricted stock units will forfeit at such time.
- [F4]Of the shares held after this grant on May 15, 2026, 31,616 shares were issuable on vesting of restricted stock units granted to the executive under the 2012 Equity Incentive Plan and are subject to forfeiture.
- [F5]This forfeiture of shares for tax withholding purposes relates to the vesting on May 15, 2026 of service vesting restricted stock units granted to the executive in May 2025. 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.
- [F6]Represents the closing price of the common stock on the date of the tax withholding.
- [F7]Of the shares held after this vesting event on May 15, 2026, 29,823 were issuable on vesting of restricted stock units granted to the reporting person under the 2012 Equity Incentive Plan and are subject to forfeiture.
Signature
/s/ Eileen J. Evans|2026-05-19