Sundar PichaiSundar Pichai earned $164M in 2023

Russell J. Low has been the CEO of Axcelis Technologies since May 2023. Before that, he served as Executive Vice President for Global Customer and Engineering Operations, and was critical in driving the company’s strategy for growth. He has over...

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Russell J. Low

CEO of Axcelis Technologies

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

CEO of Axcelis Technologies for

1 year 10 months (May 2023 - Present)

Previous Experience

Executive Vice President, Engineering at Axcelis Technologies

Holdings

See how much did Russell J. Low make over time.

Dr. Russell J. Low's personal investments reflect his strong belief in Axcelis Technologies. In recent years, his holdings showed significant growth, peaking at a value of $11.16 million in July 2024. This impressive figure marks a notable rise from just...

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Total Stock Sold

$5.84M

ACLS

$5.84M

70,659 ACLS shares

What if they kept their stock?

If Russell J. Low didn't sell their stock, today they would have:
Extra ACLS70,659 shares worth $1.35M.
This is -76.95% and $4.49M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Russell J. Low.

ACLS

28,488 shares

ACLS

May 15, 2024

Received

ACLS

$49.45K

ACLS at $112.39/share

Mar 11, 2024

Purchase

ACLS

$610.35K

ACLS at $179.25/share

Sep 7, 2023

Sale

ACLS

$608.50K

ACLS at $173.41/share

Jun 8, 2023

Sale

ACLS

$762.59K

ACLS at $153.13/share

May 25, 2023

Sale

ACLS

$1.09M

ACLS at $130.76/share

May 15, 2023

Sale

ACLS

24,036 shares

ACLS

May 15, 2023

Received

ACLS

$1.21M

ACLS at $125.93/share

Feb 13, 2023

Sale

ACLS

$568.84K

ACLS at $73.88/share

Nov 10, 2022

Sale

ACLS

11,764 shares

ACLS

May 15, 2022

Received

Compensation History

See how much did Russell J. Low make over time.

In 2023, Russell J. Low earned a total compensation of $1,053,068 as the CEO of Axcelis Technologies. His salary was $530,102. Along with his salary, he received a bonus of $519,068 based on the company's performance metrics, which indicated that revenues and profits exceeded the planned budget. Interestingly, there were no stock grants or options included in his compensation that year, which points to a focus on cash payments as part of his executive package. Additionally, there was about $9,900 in other compensation, primarily from retirement plans and service awards. This structure aligns with Axcelis' goal of tying executive compensation to performance, ensuring that the leadership is motivated to drive shareholder value and align with the company's strategic objectives.

Year

2023

Total Compensation

$1.06M

Salary

$530.10K

Board Justification

The compensation philosophy is designed to align executive pay with performance, ensuring that a significant portion of compensation is performance-based and competitive with peer companies.

Bonus

$519.07K

Board Justification

The annual cash incentive compensation realized by Dr. Low under the 2023 Axcelis Management Incentive Plan was based on a plan score of 112.55%, reflecting the achievement of 2023 revenues and profitability above the Company’s profit plan.

Other

$9.90K

Board Justification

This includes matching contributions to the 401(k) plan and the value of service awards received in the year.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the focus is on the cash and bonus components for total compensation calculations.

Performance Metrics

The performance metrics for Dr. Low's compensation in 2023 were based on revenue, operating profit, and gross margin targets.