Akamai (NASDAQ: AKAM) CEO nets stock from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akamai Technologies CEO F. Thomson Leighton exercised 23,353 restricted stock units, converting them into the same number of common shares at a stated price of $0.00 per share. To cover tax obligations, 11,292 common shares were disposed of at $101.00 per share under a tax-withholding arrangement.
Following these transactions, he directly holds 97,975 Akamai common shares, with additional indirect holdings reported through family trusts and the TBL Foundation, where he serves as trustee and, in some cases, disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,353 shares exercised/converted
Mixed
5 txns
Insider
LEIGHTON F THOMSON
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,353 | $0.00 | -- |
| Exercise | Common Stock | 23,353 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,292 | $101.00 | $1.14M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 109,267 shares (Direct);
Common Stock — 2,529,963 shares (Indirect, See note)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which the Reporting Person serves as a trustee. The Reporting Person disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein. Includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust, of which the Reporting Person served as trustee. Such distribution was made in accordance with the exemptions afforded under 16a-9 and 16a-13. Held by the TBL Foundation of which the Reporting Person serves as a trustee. On March 6, 2023, the Reporting Person was granted 70,056 RSUs. Such RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
FAQ
What did Akamai (AKAM) CEO F. Thomson Leighton report in this Form 4?
Akamai CEO F. Thomson Leighton reported exercising 23,353 restricted stock units into common shares and a related tax-withholding share disposition. The filing also updates his direct and indirect ownership positions, including shares held through family trusts and a charitable foundation where he serves as trustee.
What does the tax-withholding transaction mean in the Akamai (AKAM) Form 4?
The Form 4 shows a Code F transaction where 11,292 Akamai shares were used to pay taxes tied to the RSU vesting. This disposition reflects shares withheld at a price of $101.00 per share rather than an open-market sale, aligning with standard equity compensation tax practices.
When did the reported Akamai (AKAM) insider transactions occur and what security was involved?
All reported transactions occurred on March 6, 2026, involving restricted stock units that convert into Akamai common stock. The CEO exercised 23,353 RSUs, which each represent the right to receive one share of Akamai common stock upon vesting, then had shares withheld for taxes.