Form 4: Akamai Technologies Director Madhu Ranganathan Reports Stock Transactions
SEC Form 4 Filing
Director Madhu Ranganathan reports the acquisition and disposal of Akamai Technologies stock and deferred stock units on June 14, 2024.
Summary
- On June 14, 2024, Madhu Ranganathan, a director of Akamai Technologies, reported transactions involving the company's stock.
- Ranganathan acquired 3,549 shares of common stock through the vesting of deferred stock units.
- Simultaneously, Ranganathan disposed of 3,549 shares of common stock.
- Following these transactions, Ranganathan directly owns 12,291 shares of Akamai Technologies.
- The deferred stock units vest one year following the grant date, with the option to defer distribution to a later date.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company directors and officers.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of stock transaction and Form 4 filing. |
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