Filing Details
- Accession Number:
- 0001086222-23-000110
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-08 18:27:20
- Reporting Period:
- 2023-03-06
- Accepted Time:
- 2023-03-08 18:27:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1086222 | Akamai Technologies Inc | AKAM | Services-Business Services, Nec (7389) | 043432319 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1767894 | J Edward Mcgowan | C/O Akamai Technologies, Inc. 145 Broadway Cambridge MA 02142 | Chief Financial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2023-03-07 | 2,320 | $75.28 | 28,720 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-03-07 | 4,463 | $0.00 | 33,183 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-03-07 | 1,994 | $74.94 | 31,189 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2023-03-06 | 27,021 | $0.00 | 27,021 | $0.00 |
| Common Stock | Performance Restricted Stock Units | Acquisiton | 2023-03-06 | 16,212 | $0.00 | 16,212 | $0.00 |
| Common Stock | TSR Restricted Stock Units | Acquisiton | 2023-03-06 | 10,808 | $0.00 | 10,808 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-03-07 | 4,463 | $0.00 | 4,463 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 27,021 | 2026-03-07 | No | 4 | A | Direct | |
| 16,212 | 2026-03-07 | No | 4 | A | Direct | |
| 10,808 | 2026-03-07 | No | 4 | A | Direct | |
| 8,928 | 2025-03-08 | No | 4 | M | Direct |
Footnotes
- Sale was made pursuant to a Rule 10b5-1 trading plan.
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
- RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
- Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target issuable.
- Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2023, 2024 and 2025. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2025 are certified. Amount reported is target issuable.
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