Form 4: Akamai Technologies COO Adam Karon Reports Stock Transactions

Akamai Technologies' COO, Adam Karon, reports the acquisition and disposal of common stock and derivative securities, including restricted stock units, on February 19, 2025.

Summary

• On February 19, 2025, Adam Karon, COO & GM Edge Technology Group of Akamai Technologies, Inc., reported transactions involving Akamai's common stock and derivative securities.
• Karon acquired 2,249 shares of common stock through the vesting of TSR Restricted Stock Units and 15,478 shares through the vesting of Performance Restricted Stock Units.
• Simultaneously, Karon disposed of 1,088 shares of common stock at a price of $99.32 and 5,617 shares of common stock at a price of $99.32.
• Following these transactions, Karon beneficially owns 17,962 shares of common stock directly.
• The vesting of the restricted stock units was dependent on Akamai's total shareholder return compared to the S&P 500 Information Technology Index and the achievement of specified financial performance targets for 2022, 2023, and 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which has a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.

Key Dates

Keywords

Akamai Technologies, Adam Karon, Stock Transactions, Form 4, Restricted Stock Units, Common Stock, Beneficial Ownership, SEC Filing