Form 4: Akamai CFO Edward McGowan Reports Stock Transactions
SEC Form 4 Filing
Edward McGowan, CFO of Akamai Technologies, reports the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On March 1, 2024, Edward McGowan, the Chief Financial Officer of Akamai Technologies, had 4,170 restricted stock units (RSUs) vest.
- Upon vesting, these RSUs converted into 4,170 shares of Akamai common stock.
- Also on March 1, 2024, McGowan disposed of 2,613 shares of common stock at a price of $110.92 to satisfy tax withholding obligations.
- Following these transactions, McGowan directly owns 32,680 shares of Akamai common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Restricted stock units vested and shares were disposed of to cover tax obligations. |
| 03/02/2024 | Date of vesting for restricted stock units. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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