Form 4: Akamai Technologies Director Monte E. Ford Reports Stock Unit Vesting
SEC Form 4 Filing
Director Monte E. Ford reports the vesting of deferred stock units and subsequent disposal of shares to satisfy tax obligations.
Summary
- On May 10, 2025, Akamai Technologies Director Monte E. Ford reported the vesting of 3,344 deferred stock units, each representing the right to receive one share of Akamai common stock.
- Concurrently, Ford disposed of 3,344 shares of common stock.
- Following the transaction, Ford beneficially owns 27,036 shares.
- The transactions were reported on a Form 4 filing with the SEC.
- Ford has a Limited Power of Attorney naming Katherine Walden, Shaan Majmudar, Kristin Eberhart, Thomas Lair Jr., Laura Howell and Marc Parr as attorneys-in-fact for Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2024-12-03 | Date of execution for the Limited Power of Attorney. |
| 2025-05-10 | Date of the reported transaction: vesting of deferred stock units and disposal of shares. |
| 2025-05-12 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Akamai Technologies, Monte E. Ford, Director, Stock Units, Beneficial Ownership, Section 16, SEC Filing
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