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.
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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
Following these actions as of