Form 4: Akamai Technologies COO Adam Karon Reports Stock Transactions
SEC Form 4 Filing
COO Adam Karon of Akamai Technologies reports the disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 1, 2024, Adam Karon, COO & GM Edge Technology Group at Akamai Technologies, engaged in transactions involving Akamai common stock.
- Karon disposed of 3,367 shares at a price of $110.92 per share to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- Additionally, 5,219 restricted stock units vested on March 1, 2024, and were converted into common stock.
- Following these transactions, Karon directly owns 42,755 shares of Akamai common stock.
Sentiment
Score: 5
Explanation: The document is a standard 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 a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transactions: vesting of RSUs and disposition of shares for tax obligations. |
| 03/02/2024 | Date of RSU vesting. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.