Akamai (NASDAQ: AKAM) EVP receives 22,839 RSUs and converts 8,353
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies executive Joseph Paul C, EVP – Global Sales, reported several equity transactions. On March 2, 2026, he was granted 22,839 restricted stock units (RSUs), which vest in three equal annual installments on the first, second and third anniversaries of the grant date.
On March 3, 2026, 8,353 RSUs were converted into the same number of Akamai common shares, and 4,039 common shares were disposed of at $97.64 per share to cover tax obligations. After these transactions, he directly owned 33,165 common shares, plus an additional 165.196 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,353 shares exercised/converted
Mixed
5 txns
Insider
Joseph Paul C
Role
EVP - Global Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,353 | $0.00 | -- |
| Exercise | Common Stock | 8,353 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,039 | $97.64 | $394K |
| Grant/Award | Restricted Stock Units | 22,839 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,708 shares (Direct);
Common Stock — 37,204 shares (Direct);
Common Stock — 165.196 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. As of March 3, 2026. On March 2, 2026, the Reporting Person was granted 22,839 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. On March 3, 2025, the Reporting Person was granted 25,061 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
FAQ
What equity award did Akamai (AKAM) EVP Joseph Paul C receive?
On March 2, 2026, EVP Joseph Paul C received a grant of 22,839 restricted stock units (RSUs). These RSUs vest over three years, in equal installments on the first, second and third anniversaries of the grant date, subject to continued service.
How many Akamai (AKAM) RSUs did the EVP convert to common stock?
On March 3, 2026, the EVP converted 8,353 RSUs into 8,353 shares of Akamai common stock. Each RSU represents the right to receive one share upon vesting, so the conversion did not involve a cash purchase price.
How do the newly granted Akamai (AKAM) RSUs vest over time?
The 22,839 Akamai RSUs granted on March 2, 2026 vest in three equal annual tranches. Equal portions vest on the first, second and third anniversaries of the grant date, aligning the award with multi-year service and performance horizons.