Akamai (AKAM) CFO converts RSUs, withholds 482 shares to cover tax
Rhea-AI Filing Summary
Akamai Technologies Inc. Chief Financial Officer Edward J. McGowan reported equity compensation activity. On March 4, 2026, he exercised or converted 6,636 Restricted Stock Units, with each RSU representing one share of common stock upon vesting, and received 6,636 shares of common stock at a stated price of 0.0000 per share.
On the same date, 482 shares of common stock were disposed of at 102.0800 per share in a tax-withholding disposition to satisfy exercise price or tax obligations, leaving 47,877 shares of common stock directly beneficially owned. Footnotes state that total direct beneficial ownership includes 29,800 shares the reporting person elected to defer under Akamai’s Amended and Restated U.S. Non-Qualified Deferred Compensation Plan, and that certain RSU awards granted on March 4, 2024 are subject to three-year vesting with 85% of those awards deferred upon vesting. The reporting person also has indirect ownership of 124.961 shares held by a 401(k) Plan, noted as of March 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,636 | $0.00 | -- |
| Exercise | Common Stock | 6,636 | $0.00 | -- |
| Tax Withholding | Common Stock | 482 | $102.08 | $49K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes 5,640 shares with respect to which the Reporting Person elected to defer receipt until a later date pursuant to the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan (the "Deferred Compensation Plan"). Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. Total shares beneficially owned includes 29,800 shares of which the Reporting Person has elected to defer receipt pursuant to the Deferred Compensation Plan. Total shares beneficially owned includes 29,800 shares of which the Reporting Person has elected to defer receipt pursuant to the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan. As of March 3, 2026. On March 4, 2024, the Reporting Person was granted 19,907 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. The Reporting Person has elected to defer the receipt of 85% of such awards upon vesting.
FAQ
What equity transactions did Akamai (AKAM) CFO Edward J. McGowan report?
How are the Akamai (AKAM) Restricted Stock Units structured for the CFO?