Akamai (NASDAQ: AKAM) COO exercises RSUs and disposes shares for tax
Rhea-AI Filing Summary
Akamai Technologies executive Adam Karon, COO & GM Edge Technology Group, exercised 10,898 restricted stock units, receiving the same number of shares of common stock on March 6, 2026. The RSUs each convert into one share of Akamai common stock upon vesting.
To cover tax withholding, 5,270 common shares were disposed of at $101 per share, leaving Karon with 38,332 directly held common shares after these transactions. He also holds 169.621 shares indirectly through a 401(k) plan.
The filing notes that total shares beneficially owned include 14,222 shares deferred under Akamai’s Non-Qualified Deferred Compensation Plan. The RSUs exercised are part of a 32,692-unit grant awarded on March 6, 2023, vesting in equal annual installments over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,898 | $0.00 | -- |
| Exercise | Common Stock | 10,898 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,270 | $101.00 | $532K |
| holding | Common Stock | -- | -- | -- |
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 14,222 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 32,692 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.