Akamai (AKAM) EVP converts 6,450 RSUs, withholds 3,119 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies executive Anthony P. Williams reported equity award activity. On March 6, he exercised 6,450 restricted stock units, converting them into 6,450 shares of Akamai common stock at a stated price of $0.00 per share.
The filing also shows a tax-related share disposition: 3,119 shares of common stock were withheld at $101.00 per share to cover tax liabilities tied to the vesting. The RSUs were part of a 19,348-unit grant made on March 6, 2023 that vests in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,450 shares exercised/converted
Mixed
3 txns
Insider
Williams Anthony P
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,450 | $0.00 | -- |
| Exercise | Common Stock | 6,450 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,119 | $101.00 | $315K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 40,183 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. On March 6, 2023, the Reporting Person was granted 19,348 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) executive Anthony P. Williams report?
Anthony P. Williams reported exercising 6,450 restricted stock units into common shares and a tax-withholding share disposition of 3,119 shares. Both transactions occurred on March 6 and relate to an existing RSU grant that vests in equal annual installments.
How many Akamai (AKAM) restricted stock units did Williams convert to common stock?
Williams converted 6,450 restricted stock units into 6,450 shares of Akamai common stock. Each RSU represents the right to receive one share upon vesting, reflecting previously granted equity now settling into directly held shares of the company.
What was the nature of the Akamai (AKAM) tax-withholding transaction in this Form 4?
The Form 4 shows a tax-withholding disposition of 3,119 Akamai common shares at $101.00 per share. These shares were delivered to satisfy tax liabilities associated with the vesting and settlement of restricted stock units, rather than an open-market sale.
What RSU grant underlies Anthony P. Williams’ March 6 Akamai (AKAM) transactions?
The transactions relate to a 19,348-unit RSU grant awarded on March 6, 2023. According to the disclosure, these restricted stock units vest over three years in equal installments on the first, second, and third anniversaries of the original grant date.
What is Anthony P. Williams’ role at Akamai (AKAM) in this Form 4 filing?
In this Form 4, Anthony P. Williams is identified as an officer of Akamai, serving as Executive Vice President and Chief Human Resources Officer. The reported transactions reflect changes in his directly held equity from previously granted restricted stock units.