Akamai COO exercises RSUs, withholds shares for tax
Akamai Technologies chief operating officer and GM of the Edge Technology Group, Adam Karon, reported multiple equity transactions.
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Rhea-AI Filing Summary
Akamai Technologies chief operating officer and GM of the Edge Technology Group, Adam Karon, reported multiple equity transactions. On March 4, 2026, he exercised 8,366 restricted stock units, converting them into 8,366 shares of common stock at a stated price of $0.0000 per share.
Following this derivative exercise, his directly held common stock position moved to 33,311 shares, and a subsequent tax-withholding disposition of 607 shares of common stock at $102.0800 per share reduced his direct holdings to 32,704 shares. He also holds 169.621 shares indirectly through a 401(k) plan.
Footnotes state that each RSU converts into one share of common stock and that Karon has elected to defer receipt of certain shares under Akamai’s Amended and Restated U.S. Non-Qualified Deferred Compensation Plan. This includes 7,111 deferred shares and, in total, 14,222 shares for which he has deferred receipt as of March 3, 2026. A prior grant of 25,099 RSUs on March 4, 2024 vests in three equal annual installments, with 85% of that award elected for deferred receipt upon vesting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,366 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,366 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 607 | $102.08 | $62K |
| Holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Includes 7,111 shares with respect to which the Reporting Person elected to defer receipt until a later date pursuant to the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan (the "Deferred Compensation Plan").
- F2. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F3. Total shares beneficially owned includes 14,222 shares of which the Reporting Person has elected to defer receipt pursuant to the Deferred Compensation Plan.
- F4. As of March 3, 2026.
- F5. On March 4, 2024, the Reporting Person was granted 25,099 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. The Reporting Person has elected to defer the receipt of 85% of such awards upon vesting.
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