Filing Details
- Accession Number:
- 0001086222-24-000081
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-06 16:49:10
- Reporting Period:
- 2024-03-04
- Accepted Time:
- 2024-03-06 16:49:10
- 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 |
|---|---|---|---|---|---|---|---|
| 1810228 | Mani Sundaram | C/O Akamai Technologies, Inc. 145 Broadway Cambridge MA 02142 | Evp And Gm Security | 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 | Acquisiton | 2024-03-06 | 6,671 | $0.00 | 25,833 | No | 4 | M | Indirect | See footnote |
| Common Stock | Disposition | 2024-03-06 | 3,226 | $109.38 | 22,607 | No | 4 | F | Indirect | See footnote |
| Common Stock | Disposition | 2024-03-06 | 6,148 | $110.29 | 16,459 | No | 4 | S | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | See footnote |
| No | 4 | F | Indirect | See footnote |
| No | 4 | S | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Restricted Stock Units | Acquisiton | 2024-03-04 | 7,403 | $0.00 | 7,403 | $0.00 |
| Common Stock | TSR Restricted Stock Units | Acquisiton | 2024-03-04 | 11,105 | $0.00 | 11,105 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2024-03-04 | 18,508 | $0.00 | 18,508 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2024-03-06 | 6,671 | $0.00 | 6,671 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,403 | 2027-03-05 | No | 4 | A | Direct | |
| 11,105 | 2027-03-05 | No | 4 | A | Direct | |
| 18,508 | 2027-03-05 | No | 4 | A | Direct | |
| 13,345 | 2026-03-07 | No | 4 | M | Direct |
Footnotes
- Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
- Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sundaram on December 5, 2023.
- Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
- Vesting of such PRSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2024, 2025 and 2026. To the extent such targets are met, the PRSUs will vest on the date the company's financial results for 2026 are certified. Amount reported is target issuable.
- Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
- Vesting of such TSR RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Index for 2024, 2025 and 2026. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the TSR RSUs will vest in full on the date the company's financial results for 2026 are certified. Amount reported is target issuable.
- Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
- RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
- Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
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