Form 4: Akamai CEO Leighton Reports RSU Vesting, Stock Acquisition

Akamai Technologies CEO F. Thomson Leighton reported the vesting of 23,353 restricted stock units and a related tax withholding transaction.

Summary

• F. Thomson Leighton, Chief Executive Officer and Director of Akamai Technologies Inc. (AKAM), reported transactions related to his beneficial ownership.
• On March 6, 2026, 23,353 Restricted Stock Units (RSUs) vested and converted into common stock.
• Concurrently, 11,292 shares of common stock were disposed of at a price of $101 per share to cover tax liabilities associated with the RSU vesting.
• Following these transactions, Mr. Leighton directly owns 97,975 shares of common stock.
• He also indirectly holds 2,529,963 shares through the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust and 108,358 shares through the TBL Foundation.
• The vested RSUs are part of a grant of 70,056 RSUs made on March 6, 2023, which vest in equal installments over three years, with this transaction representing the final tranche.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard, pre-scheduled equity compensation vesting and tax withholding transaction for a key executive, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of 23,353 Restricted Stock Units indicates continued compensation and retention of a key executive.
• The acquisition of common stock through RSU vesting increases the CEO's direct equity stake in the company (before tax withholding).

Negatives

• The disposal of 11,292 shares to cover tax liabilities reduces the direct beneficial ownership of common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 are routine disclosures for executives receiving equity compensation. The vesting and subsequent tax-related sale are standard practices for Restricted Stock Units, reflecting a pre-scheduled compensation event rather than a discretionary investment decision or a signal about the company's immediate future.

Related Party Transactions

• Indirect ownership of 2,529,963 shares held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust, of which the Reporting Person serves as a trustee.
• Indirect ownership of 108,358 shares held by the TBL Foundation, of which the Reporting Person serves as a trustee.
• Includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust, of which the Reporting Person served as trustee.

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation event for the CEO, aligning his interests with shareholders through equity ownership, though a portion was sold for tax purposes.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Keywords

Akamai Technologies, AKAM, F. Thomson Leighton, CEO, Director, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Ownership, Equity Compensation, Tax Withholding