Form 4: Akamai EVP Joseph Paul C Reports Stock Transactions
SEC Form 4 Filing
Akamai Technologies' EVP Global Sales, Joseph Paul C, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.
Summary
- On February 19, 2025, Joseph Paul C, EVP Global Sales at Akamai Technologies, Inc., engaged in transactions involving Akamai common stock.
- These transactions included the vesting of 1,399 TSR Restricted Stock Units and 9,631 Performance Restricted Stock Units.
- Following the vesting, shares were disposed of to cover tax obligations, with 590 shares sold at $99.32 and 2,880 shares sold at $99.32.
- After these transactions, Joseph Paul C beneficially owns 30,664 shares of Akamai common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of earliest transaction: Vesting of restricted stock units and disposal of shares for tax obligations. |
| 02/21/2025 | Date of report signature. |
| 03/08/2025 | Expiration date of TSR and Performance Restricted Stock Units. |
Keywords
Akamai Technologies, Joseph Paul C, Stock Transactions, Form 4, Restricted Stock Units, Beneficial Ownership, Insider Trading
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