Akamai (NASDAQ: AKAM) EVP converts 5,658 RSUs, delivers shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies EVP - Global Sales Joseph Paul C reported equity compensation activity. On March 4, 2026, he exercised or converted 5,658 restricted stock units, resulting in 5,658 shares of Akamai common stock acquired at a stated price of $0.0000 per share. To cover tax obligations, 2,736 shares of common stock were disposed of at $102.0800 per share as a tax-withholding transaction. After these transactions, he held 36,087 shares of common stock directly and 165.1960 shares indirectly through a 401(k) plan. A prior grant of 16,973 RSUs dated March 4, 2024 vests in three equal annual installments on the first, second and third anniversaries of the grant date, with each RSU representing one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,658 shares exercised/converted
Mixed
4 txns
Insider
Joseph Paul C
Role
EVP - Global Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,658 | $0.00 | -- |
| Exercise | Common Stock | 5,658 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,736 | $102.08 | $279K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,658 shares (Direct);
Common Stock — 38,823 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 4, 2024, the Reporting Person was granted 16,973 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 Joseph Paul C report on March 4, 2026?
He exercised or converted 5,658 restricted stock units into 5,658 Akamai common shares and disposed of 2,736 shares at $102.0800 per share for tax withholding, reflecting routine equity compensation activity and related tax settlement.
What is the size and vesting schedule of Joseph Paul C’s Akamai (AKAM) RSU grant?
On March 4, 2024, he was granted 16,973 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 RSU representing one share upon vesting.
Does the Akamai (AKAM) Form 4 show a net increase in Joseph Paul C’s direct holdings?
Yes. He acquired 5,658 shares through RSU exercise or conversion and disposed of 2,736 shares for tax withholding, leaving him with 36,087 directly held shares after the transactions, as specified in the reported ownership figures.
What does each Akamai (AKAM) restricted stock unit represent for Joseph Paul C?
Each restricted stock unit represents the right to receive one share of Akamai common stock upon vesting. This 1-to-1 relationship between RSUs and common shares is explicitly stated in the filing’s footnotes for the reported equity awards.