Form 4: Akamai CFO Edward McGowan Reports Stock Transactions
SEC Form 4
Edward McGowan, CFO of Akamai Technologies, reports the vesting and disposal of restricted stock units and related stock transactions.
Summary
- On March 7, 2025, Edward McGowan, the CFO of Akamai Technologies, reported transactions involving Akamai common stock.
- McGowan disposed of 4,644 shares of common stock upon the vesting of restricted stock units (RSUs).
- He also disposed of 2,159 shares to cover tax obligations at a price of $82.81 per share.
- Following these transactions, McGowan directly owns 39,162 shares and indirectly owns 66,676 shares through a 401(k) plan.
- The RSUs vest over three years from a grant date of March 7, 2022, in equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities, which can be informative for investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/07/2022 | Mr. McGowan was granted 13,391 RSUs. |
| 03/04/2025 | As of this date, Mr. McGowan indirectly owns 66,676 shares through a 401(k) Plan. |
| 03/07/2025 | Date of the reported stock transactions, including RSU vesting and tax-related disposition. |
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