Form 4: Akamai Technologies EVP, Chief Marketing Officer Reports Stock Transactions
SEC Form 4 Filing
Kim Salem-Jackson, EVP, Chief Marketing Officer of Akamai Technologies, reports the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- Kim Salem-Jackson, EVP, Chief Marketing Officer of Akamai Technologies, reported transactions involving Akamai common stock on March 7, 2024.
- These transactions included the vesting of 2,857 restricted stock units (RSUs) and the disposal of 1,382 shares to cover tax obligations at a price of $110.16 per share.
- Following these transactions, Salem-Jackson directly owns 41,280 shares of Akamai common stock and 2,857 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and do not represent a significant change in company operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock transactions: vesting of RSUs and disposal of shares. |
| 03/08/2024 | Date of signature for the report. |
| 03/08/2025 | Date that restricted stock units vest. |
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