Akamai (NASDAQ: AKAM) CTO gains 7,906 shares, 2,262 withheld
Rhea-AI Filing Summary
Akamai Technologies Chief Technology Officer Robert Blumofe reported multiple equity award updates tied to performance goals. On February 19, 2026, 3,152 additional performance restricted stock units (PRSUs) were earned from a 2023 grant, leading to vesting of a total of 7,906 PRSUs that each convert into one share of common stock. Additional PRSUs of 2,154 from a 2024 grant and 3,262 from a 2025 grant were also earned based on 2025 financial results, with future vesting dependent on meeting performance targets in later years. These PRSUs were exercised into 7,906 shares of common stock, and 2,262 shares of common stock were disposed of at $109.31 per share to cover tax obligations. After these transactions, Blumofe directly holds 20,218 shares of Akamai common stock and indirectly holds 114.095 shares through a 401(k) plan.
Positive
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Negative
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Insights
Equity awards vested and taxes were covered via share withholding, with no open-market selling.
The transactions show Robert Blumofe earning and vesting performance restricted stock units as Akamai’s financial targets are certified. A 2023 PRSU grant yielded an additional 3,152 units, leading to vesting and conversion of 7,906 units into common shares.
Further PRSUs from 2024 and 2025 grants, totaling 2,154 and 3,262 units, were earned for 2025 performance and remain subject to future year targets. To satisfy tax obligations, 2,262 common shares were used at $109.31 per share, a standard tax-withholding disposition rather than an open-market sale.
Following these actions as of February 19, 2026, Blumofe directly owns 20,218 Akamai shares and indirectly holds 114.095 shares via a 401(k) plan. These movements primarily reflect routine executive compensation mechanics rather than a directional view on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 3,152 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 7,906 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 2,154 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 3,262 | $0.00 | -- |
| Exercise | Common Stock | 7,906 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,262 | $109.31 | $247K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents an award of performance restricted stock units ("PRSUs") originally granted to the Reporting Person on March 6, 2023 contingent upon achievement of specified financial performance targets for each of 2023, 2024 and 2025. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 3,152 shares being earned and the vesting of a total of 7,906 shares of Issuer common stock subject to such PRSUs. As of February 19, 2026. Represents an award of PRSUs originally granted to the Reporting Person on March 4, 2024 contingent upon achievement of specified financial performance targets for each of 2024, 2025 and 2026. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 2,154 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2026 are certified. Represents an award of PRSUs originally granted to the Reporting Person on March 3, 2025 contingent upon achievement of specified financial performance targets for each of 2025, 2026 and 2027. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in 3,262 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2027 are certified.