Akamai (AKAM) EVP logs RSU conversion and tax share withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies executive Paul C. Joseph, EVP - Global Sales, reported routine equity transactions involving restricted stock units and common stock. On March 6, 2026, 6,673 restricted stock units were exercised and converted into 6,673 shares of common stock at a stated price of $0.00 per share.
In connection with this vesting, 3,227 shares of common stock were withheld at $101.00 per share to cover tax obligations, a disposition classified under code F. After these transactions, he directly owned 42,760 shares of common stock and indirectly held 165.196 shares through a 401(k) plan. Footnotes explain that each RSU converts into one share and that the 20,016 RSUs granted on March 6, 2023 vest in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,673 shares exercised/converted
Mixed
4 txns
Insider
Joseph Paul C
Role
EVP - Global Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,673 | $0.00 | -- |
| Exercise | Common Stock | 6,673 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,227 | $101.00 | $326K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 42,760 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 6, 2023, the Reporting Person was granted 20,016 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
FAQ
What insider transactions did Akamai (AKAM) EVP Paul C. Joseph report?
EVP Paul C. Joseph reported RSU vesting and related share withholding. 6,673 restricted stock units converted into 6,673 common shares, and 3,227 shares were withheld at $101.00 per share to satisfy tax obligations tied to the vesting event.
Was the Akamai (AKAM) Form 4 a stock sale by the EVP?
The Form 4 shows tax-withholding, not an open-market sale. 3,227 shares were automatically disposed of at $101.00 per share under code F to cover tax liabilities from RSU vesting, a common administrative step rather than a discretionary share sale.
What are the terms of Paul C. Joseph’s Akamai (AKAM) RSU grant?
On March 6, 2023, Paul C. Joseph received 20,016 restricted stock units. These RSUs vest over three years in equal installments on the first, second, and third anniversaries of the grant date, with each vested RSU delivering one share of Akamai common stock.
How many Akamai (AKAM) RSUs vested or were exercised in this filing?
In this filing, 6,673 restricted stock units were exercised or converted into 6,673 Akamai common shares. Each RSU represents the right to receive one common share upon vesting, as described in the accompanying footnote to the insider’s Form 4 disclosure.
How is the Akamai (AKAM) EVP’s 401(k) ownership reported on Form 4?
The Form 4 reports 165.196 Akamai common shares held indirectly through a 401(k) plan. This position is classified as indirect ownership, reflecting retirement-plan holdings separate from the executive’s directly owned shares acquired through equity compensation and previous transactions.