Form 4: Akamai Technologies CEO Leighton F Thomson Reports Stock Transactions
SEC Form 4 Filing
CEO Leighton F Thomson of Akamai Technologies reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Leighton F Thomson, CEO of Akamai Technologies, reported transactions involving Akamai common stock on March 7, 2024.
- These transactions included the vesting of 11,904 restricted stock units (RSUs) and the sale of 5,756 shares to satisfy tax obligations.
- Following these transactions, Mr. Thomson directly owns 69,564 shares and indirectly owns 108,358 shares through the TBL Foundation, 2,320,621 shares through the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust, and includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust.
- He also directly owns 11,904 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment. It doesn't reflect positively or negatively on the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common for publicly traded companies. It doesn't necessarily indicate a change in the company's outlook or performance.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation for executives at publicly traded companies like Akamai.
- Similar transactions are regularly reported by executives at companies like Cloudflare, Fastly, and Amazon.
Key Dates
| Date | Description |
|---|---|
| 11/03/1999 | Date of the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust |
| 03/07/2024 | Date of stock transactions (RSU vesting and share sale) |
| 03/08/2024 | Date of signature by power of attorney |
| 03/08/2025 | Expiration date of the restricted stock units |
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