4/A: Akamai Technologies Director Peter Killalea Corrects Transaction Dates in Amended SEC Filing

Peter Killalea, a director at Akamai Technologies, filed an amendment to a previous SEC Form 4 to correct inaccuracies in the transaction, exercisable, and expiration dates related to deferred stock units.

Summary

• Peter Killalea, a director of Akamai Technologies, filed an amended Form 4 with the SEC.
• The amendment corrects the transaction date, date exercisable, and expiration date of deferred stock units previously reported.
• The original Form 4 inadvertently listed incorrect dates, which this amendment rectifies.
• The corrected filing shows that on June 14, 2023, Killalea acquired 3,200 deferred stock units.
• These deferred stock units represent the right to receive one share of Akamai common stock upon vesting, with the option to defer distribution.
• The deferred stock units vest one year following the grant date, but the recipient can defer distribution to a later date.

Sentiment

Score: 7

Explanation: The document is a routine correction of a regulatory filing. It doesn't indicate any positive or negative developments for the company, but it does show attention to detail and compliance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect broader industry trends but ensures transparency in executive dealings with company stock.

Stakeholder Impact

• The correction of the filing ensures accurate information for shareholders regarding executive compensation and stock ownership.

Key Dates