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

Paul C. Joseph, EVP of Global Sales at Akamai Technologies, reports the vesting and disposal of restricted stock units and associated tax withholding.

Summary

• Paul C. Joseph, an Executive Vice President at Akamai Technologies, reported transactions involving Akamai common stock on March 1, 2024.
• These transactions included the vesting of 2,780 restricted stock units (RSUs) and the subsequent disposal of 1,732 shares to cover tax obligations.
• The vesting of the RSUs occurred on March 1, 2024.
• The shares disposed of were sold at a price of $110.92 per share.
• Following these transactions, Joseph directly owns 33,429 shares and indirectly owns 35,161 shares through a trust.
• The RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date.

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 filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

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

Key Dates