Akamai (AKAM) EVP Mani Sundaram awarded 6,425 shares, 3,107 withheld for taxes
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
Net Buyer: 3,318 shares
Net Buy
3 txns
Insider
Sundaram Mani
Role
EVP and GM Security
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,425 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,107 | $94.17 | $293K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,890 shares (Indirect, See footnote);
Common Stock — 151.441 shares (Indirect, By 401(k) Plan)
Footnotes (3)
- F1. Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2025 bonus award.
- F2. Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
- F3. As of February 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.