Form 4: Akamai Technologies Director Acquires Deferred Stock Units

Peter Thomas Killalea, a director at Akamai Technologies, acquired 3,547 deferred stock units on May 14, 2025, according to a recent SEC Form 4 filing.

Summary

• Peter Thomas Killalea, a director of Akamai Technologies, Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 3,547 deferred stock units on May 14, 2025.
• These deferred stock units represent the right to receive one share of Akamai common stock upon vesting.
• The deferred stock units vest one year following the grant date, but distribution is deferred until the earlier of May 14, 2035, a change in control, separation from service, or death.
• The filing also includes a Limited Power of Attorney, effective December 8, 2024, granting certain individuals the authority to execute Section 16 filings on Killalea's behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The director's deferred stock units will vest one year after the grant date, with distribution potentially occurring as late as May 14, 2035, or upon earlier triggering events like a change in control or separation from service.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The acquisition of deferred stock units by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Akamai Technologies, Director, Deferred Stock Units, SEC Form 4, Beneficial Ownership, Power of Attorney, Section 16