Akamai (NASDAQ: AKAM) director Daniel Hesse granted 2,172 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HESSE DANIEL reported acquisition or exercise transactions in this Form 4 filing.
Akamai Technologies director Daniel Hesse received a grant of 2,172 deferred stock units, each tied to one share of common stock. These units vest one year after the grant date, and distribution has been deferred until May 13, 2030, a qualifying change in control, or death.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HESSE DANIEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 2,172 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 2,172 shares (Direct, null)
Footnotes (1)
- Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting. Deferred stock units vest one year following the grant date; however, the Reporting Person elected to defer distribution until the earlier to occur of (i) May 13, 2030, (ii) a change in control (as defined under Code Section 409A), or (iii) death.
Key Figures
Deferred stock units granted: 2,172 units
Underlying common shares: 2,172 shares
Vesting period: 1 year
+1 more
4 metrics
Deferred stock units granted
2,172 units
Grant to director Daniel Hesse
Underlying common shares
2,172 shares
One share of common stock per unit
Vesting period
1 year
Units vest one year following grant date
Deferred distribution date
May 13, 2030
Latest scheduled distribution date absent earlier triggering event
Key Terms
Deferred Stock Units, change in control, Code Section 409A
3 terms
Deferred Stock Units financial
"Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change in control financial
"until the earlier to occur of (i) May 13, 2030, (ii) a change in control..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Code Section 409A financial
"a change in control (as defined under Code Section 409A), or (iii) death."