Akamai (AKAM) COO nets 10,402 shares after PRSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies COO Adam Karon reported multiple equity award events tied to performance restricted stock units (PRSUs) on February 19, 2026. Certification of 2025 results caused 16,846 PRSUs from a 2023 grant to vest into 16,846 common shares, while 5,156 and 8,065 additional PRSUs were earned from 2024 and 2025 grants. After converting 16,846 PRSUs into common stock and using 6,444 shares at $109.31 per share to cover tax obligations, Karon directly held 18,187 common shares, including 7,111 deferred under a non-qualified deferred compensation plan, plus 155.863 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,846 shares exercised/converted
Mixed
7 txns
Insider
Karon Adam
Role
COO & GM Edge Technology Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 6,717 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 16,846 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 5,156 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 8,065 | $0.00 | -- |
| Exercise | Common Stock | 16,846 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,444 | $109.31 | $704K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 16,846 shares (Direct);
Common Stock — 24,631 shares (Direct);
Common Stock — 155.863 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Represents an award of performance restricted stock units ("PRSUs") originally granted to the Reporting Person on March 6, 2023 contingent upon achievement of specified financial performance targets for each of 2023, 2024 and 2025. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 6,717 shares being earned and the vesting of a total of 16,846 shares of Issuer common stock subject to such PRSUs. Total shares beneficially owned includes 7,111 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 February 19, 2026. Represents an award of PRSUs originally granted to the Reporting Person on March 4, 2024 contingent upon achievement of specified financial performance targets for each of 2024, 2025 and 2026. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 5,156 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2026 are certified. Represents an award of PRSUs originally granted to the Reporting Person on March 3, 2025 contingent upon achievement of specified financial performance targets for each of 2025, 2026 and 2027. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in 8,065 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2027 are certified.
FAQ
What equity awards did Akamai (AKAM) COO Adam Karon report on this Form 4?
Adam Karon reported activity in performance restricted stock units (PRSUs) and common stock. 16,846 PRSUs from a 2023 grant vested into common shares, and additional PRSUs of 5,156 and 8,065 were earned from 2024 and 2025 grants based on 2025 performance results.
How many Akamai (AKAM) PRSUs vested or were earned for Adam Karon?
A total of 16,846 PRSUs from a 2023 grant vested into common stock. Separately, 5,156 PRSUs from a 2024 grant and 8,065 PRSUs from a 2025 grant were earned when 2025 financial results were certified, subject to future vesting conditions for later performance years.
How were Adam Karon’s Akamai (AKAM) PRSUs linked to company performance?
The PRSU awards were contingent on achieving specified financial performance targets for multi-year periods. When Akamai’s 2025 financial results were certified, additional PRSUs from 2023, 2024, and 2025 grants were earned, with full vesting scheduled upon later certifications of results for 2026 and 2027, respectively.