Salem-Jackson Kim 4
Research Summary
AI-generated summary
Akamai (AKAM) CMO Salem-Jackson Kim Receives Stock Award, Sells Shares
What Happened
- Salem-Jackson Kim, Executive Vice President and Chief Marketing Officer of Akamai Technologies (AKAM), was granted 5,911 shares as a bonus award (acquired at $0.00) on 2026-02-20 and, concurrently, 2,791 shares were disposed of at $94.17 per share (totaling $262,828) to satisfy tax obligations.
- The grant was issued under Akamai’s Amended and Restated 2013 Stock Incentive Plan as payment of the 2025 bonus; the disposition is recorded as tax withholding (code F), not an open-market investment sale.
Key Details
- Transaction date: February 20, 2026.
- Award: 5,911 shares @ $0.00 (Grant/award).
- Disposal for tax withholding: 2,791 shares @ $94.17 = $262,828 (code F).
- Shares owned after transaction: not specified in the summary data provided (footnote indicates holdings were reported “As of February 20, 2026”).
- Footnotes: F1 — shares issued under Akamai’s 2013 Stock Incentive Plan in payment of 2025 bonus; F2 — holdings reported as of Feb 20, 2026.
- No late-filing flag included in the provided data.
Context
- This is a common pattern where an insider receives a bonus award and a portion of those (or existing) shares are surrendered/sold to cover tax withholding; it is administrative and does not necessarily signal a change in investment view.
- Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (here used to indicate shares withheld/sold to cover taxes).