Akamai CEO exercises RSUs, nets 97,975 shares
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 23,353 | $0.00 | $0.00 |
| Exercise | Common Stock | 23,353 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,292 | $101.00 | $1.14M |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- F2. 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.
- F3. 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.
- F4. Held by the TBL Foundation of which the Reporting Person serves as a trustee.
- F5. 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
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What did Akamai (AKAM) CEO F. Thomson Leighton report in this Form 4?
What does the tax-withholding transaction mean in the Akamai (AKAM) Form 4?
When did the reported Akamai (AKAM) insider transactions occur and what security was involved?
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