Akamai (NASDAQ: AKAM) CEO exercises RSUs, now holds 85,914 shares directly
Rhea-AI Filing Summary
Akamai Technologies Inc. Chief Executive Officer F. Thomson Leighton reported equity transactions related to restricted stock units and common stock. On March 4, 2026, he exercised 20,314 Restricted Stock Units, each RSU representing the right to receive one share of common stock upon vesting.
This exercise converted into 20,314 shares of common stock at a stated price of $0.0000 per share, increasing his directly held common stock to 95,736 shares before tax withholding. On the same date, 9,822 shares of common stock were disposed of at $102.0800 per share to satisfy exercise price or tax liabilities, leaving 85,914 directly held common shares.
In addition to direct holdings, Leighton is reported as having indirect ownership of 2,529,963 common shares and 108,358 common shares through entities noted in the footnotes, including a revocable trust and the TBL Foundation. He disclaims beneficial ownership of shares held by certain trusts except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,314 | $0.00 | -- |
| Exercise | Common Stock | 20,314 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,822 | $102.08 | $1.00M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which the Reporting Person serves as a trustee. The Reporting Person disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein. Includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust, of which the Reporting Person served as trustee. Such distribution was made in accordance with the exemptions afforded under 16a-9 and 16a-13. Held by the TBL Foundation of which the Reporting Person serves as a trustee. On March 4, 2024, the Reporting Person was granted 60,942 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 AKAM CEO F. Thomson Leighton report on March 4, 2026?
What does each Akamai (AKAM) Restricted Stock Unit represent for the CEO?
What do the Akamai (AKAM) Form 4 footnotes say about the CEO’s trust holdings?
What prior RSU grant to the Akamai (AKAM) CEO is referenced in the footnotes?