Akamai (NASDAQ: AKAM) CMO converts RSUs, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AKAMAI TECHNOLOGIES INC executive Kim Salem-Jackson, EVP and Chief Marketing Officer, reported equity transactions related to restricted stock units. On March 4, 2026, 4,021 restricted stock units were exercised and converted into 4,021 shares of common stock at a stated price of $0.0000 per share.
In connection with this vesting event, 1,945 shares of common stock were disposed of at $102.0800 per share as a tax-withholding disposition. After these transactions, Salem-Jackson held 58,385 shares of common stock directly and 159.632 shares indirectly through a 401(k) plan. A prior grant on March 4, 2024 covered 12,062 restricted stock units vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,021 shares exercised/converted
Mixed
4 txns
Insider
Salem-Jackson Kim
Role
EVP, Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,021 | $0.00 | -- |
| Exercise | Common Stock | 4,021 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,945 | $102.08 | $199K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,021 shares (Direct);
Common Stock — 60,330 shares (Direct);
Common Stock — 159.632 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. As of March 3, 2026. On March 4, 2024, the Reporting Person was granted 12,062 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 AKAM EVP Kim Salem-Jackson report on this Form 4?
Kim Salem-Jackson reported conversion of 4,021 restricted stock units into common stock and a tax-withholding disposition of 1,945 shares at $102.0800 per share, all dated March 4, 2026 and held in direct ownership.
How do the restricted stock units for AKAM vest for Kim Salem-Jackson?
On March 4, 2024, Kim Salem-Jackson was granted 12,062 restricted stock units (RSUs), which vest over three years in equal installments on the first, second, and third anniversaries of the grant date, with each RSU representing one share upon vesting.
What does the M transaction code mean in this AKAM Form 4 filing?
The “M” transaction code in the AKAM Form 4 indicates an exercise or conversion of a derivative security. Here, 4,021 restricted stock units were converted into 4,021 shares of common stock as part of a scheduled vesting event for Kim Salem-Jackson.