Akamai (AKAM) EVP Mani Sundaram awarded 6,425 shares, 3,107 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies executive Mani Sundaram, EVP and GM Security, indirectly received 6,425 shares of common stock on February 20, 2026 as a 2025 bonus paid in stock under Akamai’s Amended and Restated 2013 Stock Incentive Plan.
On the same date, 3,107 indirectly held shares were disposed of at $94.17 per share to cover tax withholding obligations, a non‑open‑market transaction. These shares are held through The MMMM Family Living Trust, where Sundaram is a trustee. He also indirectly holds 151.441 shares through a 401(k) plan as of February 20, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sundaram Mani
Role
EVP and GM Security
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,425 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,107 | $94.17 | $293K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,997 shares (Indirect, See footnote)
Footnotes (1)
- Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2025 bonus award. Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee. As of February 20, 2026.
FAQ
What insider transactions did AKAM EVP Mani Sundaram report on February 20, 2026?
Mani Sundaram reported receiving 6,425 Akamai common shares as a 2025 bonus grant and disposing of 3,107 indirectly held shares at $94.17 per share for tax withholding, all dated February 20, 2026 and reported as indirect ownership.
Was the Akamai (AKAM) insider transaction by Mani Sundaram a market sale?
The disposition of 3,107 Akamai shares was not an open‑market sale. It was coded “F,” meaning shares were delivered at $94.17 per share to satisfy tax withholding obligations related to the stock award, and therefore functioned as a tax‑withholding transaction.