Akamai (AKAM) CFO McGowan converts RSUs, uses shares to pay taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies Chief Financial Officer Edward J. McGowan exercised restricted stock units and handled related taxes in shares. On March 6, 2026, 9,008 RSUs converted into 9,008 shares of common stock, and 4,356 shares were withheld at a price of $101 per share to cover tax obligations. He held 52,529 shares of common stock directly after these transactions, plus 124.961 shares held indirectly through a 401(k) plan and 29,800 deferred shares under Akamai’s non-qualified deferred compensation plan as of March 3, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,008 shares exercised/converted
Mixed
4 txns
Insider
McGowan Edward J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,008 | $0.00 | -- |
| Exercise | Common Stock | 9,008 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,356 | $101.00 | $440K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 56,885 shares (Direct);
Common Stock — 124.961 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. 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 6, 2023, the Reporting Person was granted 27,021 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) CFO Edward McGowan report?
Edward McGowan reported an RSU vesting and related share movements. 9,008 restricted stock units converted into 9,008 Akamai common shares, and 4,356 shares were withheld at $101 per share to satisfy tax obligations tied to this equity compensation event.
What restricted stock unit grant is involved in Akamai (AKAM) CFO’s filing?
The transactions relate to a grant of 27,021 restricted stock units awarded on March 6, 2023. These RSUs vest over three years in equal installments on the first, second, and third anniversaries of the grant date, with each RSU delivering one share of common stock upon vesting.
How were taxes handled for the Akamai (AKAM) CFO’s RSU vesting?
Taxes were satisfied by delivering company shares instead of paying cash. Specifically, 4,356 Akamai common shares were disposed of at $101 per share to cover the tax liability associated with the vesting and conversion of 9,008 restricted stock units into common stock.
How do Akamai (AKAM) restricted stock units work for the CFO’s award?
Each restricted stock unit represents the right to receive one share of Akamai common stock upon vesting. In this case, units from a 27,021-RSU grant dated March 6, 2023 vest in three equal annual installments, converting into common shares as each installment vests.