Akamai director converts 2,336 deferred units to shares
Akamai Technologies director Daniel Hesse exercised deferred stock units into common shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Akamai Technologies director Daniel Hesse exercised deferred stock units into common shares. On May 20, 2026, he converted 2,336 deferred stock units into 2,336 shares of Akamai common stock, with no cash exercise price. These units were originally granted on May 20, 2020 and vested one year later, with distribution deferred at his election. After the transaction, Hesse directly holds 23,723 shares of Akamai common stock.
Insider Trade Summary
2,336 shares exercised/converted
Exercise
2 txns
Insider
HESSE DANIEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 2,336 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,336 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 0 units (Direct);
Common Stock — 23,723 shares (Direct)
Holdings Before and After:
Deferred Stock Units, 2,336 to 0 units (Direct);
Common Stock, 21,387 to 23,723 shares (Direct)
Footnotes (2)
- F1. Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting.
- F2. On May 20, 2020, the Reporting Person was granted 2,336 deferred stock units, which vested one year following the grant date; however, the Reporting Person elected to defer distribution until a later date.
Key Figures
Deferred stock units exercised: 2,336 units
Common shares received: 2,336 shares
Shares held after transaction: 23,723 shares
+2 more
5 metrics
Deferred stock units exercised
2,336 units
Converted into common stock on May 20, 2026
Common shares received
2,336 shares
Shares issued from deferred stock unit conversion
Shares held after transaction
23,723 shares
Director’s direct common stock holdings post-transaction
Exercise price per unit
$0.00
Conversion or exercise price for deferred stock units
Exercise transactions
1 transaction, 2,336 shares
Summary exercise activity in this Form 4
Key Terms
Deferred Stock Units, Exercise or conversion of derivative security, Common Stock, Form 4
4 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units" with 2,336.0000 units converted into common stock"
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.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for the M code"
Common Stock financial
"underlying_security_title: "Common Stock" receiving 2,336.0000 shares upon conversion"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) summarizing Daniel Hesse’s transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AKAM director Daniel Hesse report on this Form 4?
Daniel Hesse reported exercising 2,336 deferred stock units into 2,336 shares of Akamai common stock. The transaction reflects a conversion of previously granted equity awards, not an open-market purchase or sale of shares.
What are the deferred stock units mentioned in the AKAM Form 4 filing?
Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting. In this filing, 2,336 deferred stock units converted into 2,336 common shares when the director took distribution.
When were the 2,336 deferred stock units granted to the AKAM director?
The 2,336 deferred stock units were granted to Daniel Hesse on May 20, 2020. They vested one year after the grant date, but he elected to defer the distribution of the underlying shares until a later date.
Does the AKAM Form 4 show any open-market buying or selling by the director?
The Form 4 does not show any open-market buying or selling. It reports an exercise or conversion of 2,336 deferred stock units into common shares, a compensation-related equity conversion rather than a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
