4//SEC Filing
Karon Adam 4
Accession 0001086222-25-000080
CIK 0001086222other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 9:04 PM ET
Size
13.7 KB
Accession
0001086222-25-000080
Insider Transaction Report
Form 4
Karon Adam
COO & GM Edge Technology Group
Transactions
- Sale
Common Stock
2025-03-04$80.49/sh−6,431$517,632→ 14,239 total - Award
Performance Restricted Stock Units
2025-03-03+15,703→ 15,703 totalExercise: $0.00Exp: 2028-03-04→ Common Stock (15,703 underlying) - Award
TSR Restricted Stock Units
2025-03-03+23,555→ 23,555 totalExercise: $0.00Exp: 2028-03-04→ Common Stock (23,555 underlying) - Award
Restricted Stock Units
2025-03-03+39,259→ 39,259 totalExercise: $0.00Exp: 2028-03-04→ Common Stock (39,259 underlying)
Holdings
- 71.037(indirect: By 401(k))
Common Stock
Footnotes (9)
- [F1]Sale was made pursuant to a Rule 10b5-1 Plan adopted by Mr. Karon on December 2, 2024.
- [F2]The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $79.98 to $80.845, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]As of March 4, 2025.
- [F4]Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
- [F5]Vesting of such PRSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2025, 2026 and 2027. To the extent such targets are met, the PRSUs will vest on the date the company's financial results for 2027 are certified. Amount reported is target issuable. Mr. Karon has elected to defer the receipt of 85% of such awards on the vesting date.
- [F6]Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
- [F7]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 2025, 2026 and 2027. 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 2027 are certified. Amount reported is target issuable. Mr. Karon has elected to defer the receipt of 85% of such awards on the vesting date.
- [F8]Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
- [F9]RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
Documents
Issuer
AKAMAI TECHNOLOGIES INC
CIK 0001086222
Entity typeother
Related Parties
1- filerCIK 0001699796
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 9:04 PM ET
- Size
- 13.7 KB