Akamai (NASDAQ: AKAM) director gets 1,892 deferred stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brown Marianne Catherine reported acquisition or exercise transactions in this Form 4 filing.
Akamai Technologies director Marianne Catherine Brown received a grant of 1,892 deferred stock units. Each unit represents the right to receive one share of Akamai common stock upon vesting. The deferred stock units vest one year after the grant date.
Brown elected to defer distribution of these shares until the earlier of May 13, 2036, a change in control as defined under Code Section 409A, separation from service, or death. Following this award, she holds 1,892 deferred stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown Marianne Catherine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,892 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 1,892 shares (Direct, null)
Footnotes (1)
- Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting. Deferred stock units vest one year following the grant date; however, the Reporting Person elected to defer distribution until the earlier to occur of (i) May 13, 2036, (ii) a change in control (as defined under Code Section 409A), (iii) separation from service, or (iv) death.
Key Figures
Deferred stock units granted: 1,892 units
Price per unit: $0.0000
Units following transaction: 1,892 units
+3 more
6 metrics
Deferred stock units granted
1,892 units
Award to director Marianne Catherine Brown
Price per unit
$0.0000
Grant price for deferred stock units
Units following transaction
1,892 units
Total deferred stock units held directly after grant
Underlying common shares
1,892 shares
One Akamai common share per deferred stock unit
Vesting schedule
One year after grant
Deferred stock units vest one year post-grant
Latest distribution date
May 13, 2036
Latest elected distribution date unless earlier event
Key Terms
Deferred Stock Units, change in control, separation from service, Code Section 409A
4 terms
Deferred Stock Units financial
"Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change in control financial
"until the earlier to occur of (i) May 13, 2036, (ii) a change in control (as defined under Code Section 409A)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation from service financial
"until the earlier to occur of ... (iii) separation from service, or (iv) death."
Code Section 409A financial
"a change in control (as defined under Code Section 409A)"
FAQ
What insider transaction did Akamai (AKAM) report for Marianne Catherine Brown?
Akamai reported that director Marianne Catherine Brown received 1,892 deferred stock units as a grant. These units are a form of equity compensation that convert into Akamai common shares upon vesting and later distribution, aligning director interests with shareholders.
How many Akamai deferred stock units were granted to Marianne Catherine Brown?
She was granted 1,892 deferred stock units. Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting, giving her future equity exposure instead of immediate cash compensation in this award.
When do Marianne Catherine Brown’s Akamai deferred stock units vest and pay out?
The deferred stock units vest one year after the grant date, but payout is deferred. Distribution occurs at the earlier of May 13, 2036, a qualifying change in control, separation from service, or death, according to the election and plan terms.
What does each Akamai deferred stock unit granted to Marianne Catherine Brown represent?
Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting. This means the 1,892 units equate to 1,892 potential future shares, subject to vesting and the elected distribution conditions described in the award terms.
How many Akamai deferred stock units does Marianne Catherine Brown hold after this Form 4 transaction?
After this transaction, she holds 1,892 deferred stock units directly. This total matches the number of units granted in the filing, indicating this award establishes or fully reflects her reported deferred stock unit position in Akamai.