Form 4: Akamai CEO Leighton F Thomson Reports Stock Transactions
SEC Form 4 Filing
Akamai Technologies CEO Leighton F Thomson reports transactions involving company stock, including acquisitions, disposals, and transfers related to trusts and restricted stock units.
Summary
- Leighton F Thomson, CEO of Akamai Technologies, filed a Form 4 detailing changes in beneficial ownership of Akamai stock.
- On March 3, 2025, Mr. Leighton transferred 37,670 shares to a revocable trust for no consideration.
- On March 4, 2025, he acquired 20,313 shares through the exercise of restricted stock units at a price of $0.
- Also on March 4, 2025, he disposed of 10,227 shares at a price of $81.
- Following these transactions, Mr. Leighton directly owns 109,758 shares of Akamai common stock.
- He also indirectly owns 2,380,291 shares through a revocable trust and 108,358 shares through the TBL Foundation.
- Mr. Leighton was also granted performance-based restricted stock units (PRSUs) for 34,000 shares, TSR-based restricted stock units (TSR RSUs) for 51,000 shares, and restricted stock units (RSUs) for 85,000 shares on March 3, 2025.
- 20,313 RSUs vested on March 4, 2025.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider activity.
Future Outlook
Vesting of PRSUs and TSR RSUs is contingent upon Akamai's financial performance and total shareholder return relative to the S&P 500 Index over the next few years.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, providing transparency to investors.
Related Party Transactions
- Transfer of shares to the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
- Vesting of restricted stock units incentivizes management to improve company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/3/99 | Date of the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust |
| 03/03/2025 | Date of stock transfer to trust, grant of PRSUs, TSR RSUs, and RSUs |
| 03/04/2025 | Date of RSU exercise and stock disposal |
| 03/04/2028 | Expiration date of PRSUs and TSR RSUs |
| 03/05/2027 | Expiration date of RSUs |
| 03/05/2025 | Date of Form 4 signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.