Blumofe Robert 4

What Happened

• Robert Blumofe, Akamai (AKAM) Chief Technology Officer, had performance restricted stock units (PRSUs) convert into 7,906 shares on Feb 19, 2026 after the company certified 2025 results. To satisfy tax withholding, 2,262 of those shares were disposed (sold) at $109.31 per share for proceeds of $247,259.
• In addition to the vested 7,906-share conversion, Blumofe was credited with additional PRSU amounts: 3,152 shares (part of the vested total), plus separately earned tranches of 2,154 and 3,262 shares from PRSU awards granted in 2024 and 2025. Those latter tranches are earned for the 2025 performance year but remain subject to future vesting conditions tied to later-year certifications.

Key Details

• Transaction date: February 19, 2026 (Form 4 filed Feb 20, 2026).
• Main items: conversion/exercise of derivative (PRSUs) for 7,906 shares; tax withholding sale of 2,262 shares at $109.31 for $247,259; award entries for 3,152, 2,154 and 3,262 PRSU shares (price $0 as these are derivative awards).
• Shares owned after transaction: reported in the filing as of Feb 19, 2026 (filing does not state a consolidated total in this summary).
• Notable footnotes: F1–F4 explain these are performance-based RSUs originally granted in 2023–2025 and that certification of 2025 results triggered the additional earned amounts; tax withholding was handled via share disposition (code F).
• Filing timeliness: Form 4 filed the day after the reported transaction date (appears timely).

Context

• PRSUs are compensation contingent on meeting specified financial targets; when targets are certified, PRSUs convert into shares without a cash exercise price. The sale of 2,262 shares was a routine tax-withholding/cashless transaction, not an open-market discretionary sell signal by itself.
• The 2,154- and 3,262-share amounts are “earned” for the 2025 performance year but will only fully vest (become freely payable) if future performance conditions and certifications are met per the grant terms.