Form 4: Akamai Technologies EVP Paul Joseph Reports Stock Award and Tax Withholding

Paul Joseph, EVP of Global Sales at Akamai Technologies, reports the acquisition of 4,771 shares as part of a bonus award and the disposal of 2,307 shares for tax withholding.

Summary

• On February 21, 2025, Paul Joseph, EVP of Global Sales at Akamai Technologies, acquired 4,771 shares of common stock as part of a bonus award under the company's Amended and Restated 2013 Stock Incentive Plan.
• The shares were acquired at a price of $0.
• On the same day, Joseph disposed of 2,307 shares of common stock at a price of $76.73 for tax withholding purposes.
• Following these transactions, Joseph directly owns 33,128 shares of Akamai Technologies common stock.
• Additionally, Joseph indirectly owns 49,909 shares through a 401(k) plan as of February 24, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The stock award suggests confidence in the company, while the tax withholding is a routine transaction.

Positives

• The acquisition of shares as a bonus award indicates confidence in the company's performance and future prospects.

Negatives

• The disposal of shares for tax withholding, while a standard practice, slightly reduces the executive's direct holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at Akamai Technologies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent standard executive compensation and tax practices.

Key Dates