Filing Details

Accession Number:
0001086222-24-000076
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-03-06 16:46:42
Reporting Period:
2024-03-04
Accepted Time:
2024-03-06 16:46:42
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 Acquisiton 2024-03-06 9,006 $0.00 41,686 No 4 M Direct
Common Stock Disposition 2024-03-06 4,355 $109.38 37,331 No 4 F Direct
Common Stock Disposition 2024-03-06 11,730 $110.29 25,601 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 S Direct
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 7,963 $0.00 7,963 $0.00
Common Stock TSR Restricted Stock Units Acquisiton 2024-03-04 11,944 $0.00 11,944 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-03-04 19,907 $0.00 19,907 $0.00
Common Stock Restricted Stock Units Disposition 2024-03-06 9,006 $0.00 9,006 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
7,963 2027-03-05 No 4 A Direct
11,944 2027-03-05 No 4 A Direct
19,907 2027-03-05 No 4 A Direct
18,015 2026-03-07 No 4 M Direct
Footnotes
  1. Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. McGowan on December 6, 2023.
  2. Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
  3. 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.
  4. Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
  5. 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.
  6. Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
  7. RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
  8. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.