Form 4: Akamai Technologies Executive Reports Stock Transactions
SEC Form 4 Filing
Robert Blumofe, Chief Technology Officer of Akamai Technologies, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On March 7, 2024, Robert Blumofe, the Chief Technology Officer of Akamai Technologies, Inc., had 2,738 restricted stock units (RSUs) vest.
- These RSUs convert into Akamai common stock.
- Blumofe also disposed of 1,324 shares of common stock at a price of $110.16 per share to cover tax obligations.
- Following these transactions, Blumofe directly owns 27,621 shares of Akamai common stock and 2,738 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of RSU vesting and stock disposal for tax obligations. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
| 03/08/2025 | Date of final vesting installment for the RSUs. |
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