AKAM.NASDAQAkamai Technologies INC

Form 4: Akamai Technologies EVP Joseph Paul C Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Akamai Technologies' EVP of Global Sales, Joseph Paul C, reports the vesting and subsequent sale of restricted stock units.

Summary

  • On March 7, 2025, Joseph Paul C, EVP Global Sales at Akamai Technologies, reported transactions involving Akamai common stock.
  • He exercised 3,334 restricted stock units (RSUs) that vested.
  • Following the vesting, 1,612 shares were disposed of to cover tax obligations at a price of $82.81 per share.
  • After these transactions, Joseph Paul C directly owns 41,217 shares of Akamai common stock.
  • He also indirectly owns 64,807 shares through a 401(k) plan as of March 4, 2025.
  • The RSUs were granted on March 7, 2022, and vest in equal installments over three years.

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 required by the SEC when company insiders, like Joseph Paul C, transact in their company's stock. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.

Key Dates

DateDescription
03/07/2022Mr. Joseph was granted 9,999 RSUs.
03/04/2025As of this date, Mr. Joseph indirectly owns 64,807 shares through a 401(k) plan.
03/07/2025Date of the reported stock transactions: vesting of RSUs and disposal of shares for tax obligations.

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