Form 4: Akamai CFO Edward McGowan Reports Stock Transactions
SEC Form 4 Filing
Edward McGowan, CFO of Akamai Technologies, reports the vesting and disposal of restricted stock units and shares acquired through a 401(k) plan.
Summary
- On March 4, 2025, Edward McGowan, the CFO of Akamai Technologies, exercised 6,635 restricted stock units (RSUs) and disposed of 614 shares to cover tax obligations at a price of $81 per share.
- He also acquired 6,635 shares upon vesting of the RSUs.
- On March 6, 2025, McGowan exercised 9,007 RSUs and disposed of 4,355 shares to cover tax obligations at a price of $82.82 per share.
- He also acquired 9,007 shares upon vesting of the RSUs.
- Following these transactions, McGowan directly owns 36,677 shares and indirectly owns 66,676 shares through a 401(k) plan.
- The reported transactions are related to the vesting of RSUs granted in March 2023 and March 2024, which vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in stock transactions by company insiders. They provide insights into management's perspective on the company's stock and are closely monitored by investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine stock activity by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/06/2023 | Mr. McGowan was granted 27,021 RSUs which vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| 03/04/2024 | Mr. McGowan was granted 19,907 RSUs which vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| 02/25/2025 | Prior Form 4 filing date. |
| 03/04/2025 | McGowan exercised 6,635 RSUs and disposed of 614 shares. |
| 03/06/2025 | McGowan exercised 9,007 RSUs and disposed of 4,355 shares. |
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