Killalea Peter Thomas 4
4 · AKAMAI TECHNOLOGIES INC · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Akamai (AKAM) Director Peter Killalea Receives 1,706-Unit Award
What Happened
Peter Thomas Killalea, a director of Akamai Technologies (AKAM), received a grant of 1,706 deferred stock units (DSUs) on 2026-05-13. The units were recorded as acquired at $0.00 (transaction code A — award/grant); there was no cash purchase or sale. Each DSU represents the right to receive one share of Akamai common stock upon vesting.
Key Details
- Transaction date and price: 2026-05-13, 1,706 DSUs at $0.00 per unit (award).
- Filing date: Form 4 filed 2026-05-14 (no late filing indicated).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: (F1) Each deferred stock unit equals one share upon vesting. (F2) DSUs vest one year after the grant date, but the reporting person elected to defer distribution until the earlier of (i) May 13, 2036, (ii) a change in control, (iii) separation from service, or (iv) death.
- Nature of transaction: derivative compensation award (not an open-market purchase or sale).
Context
This is a compensation-related grant, common for directors to align long-term incentives; it does not reflect an immediate cash investment or sale. The units will convert to shares only after vesting and the later distribution conditions are met, so there’s no immediate change in marketable shares held.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2]2026-05-13+1,706→ 1,706 total→ Common Stock (1,706 underlying)
Footnotes (2)
- [F1]Each deferred stock unit represents the right to receive one share of Akamai common stock upon vesting.
- [F2]Deferred stock units vest one year following the grant date; however, the Reporting Person elected to defer distribution until the earlier to occur of (i) May 13, 2036, (ii) a change in control (as defined under Code Section 409A), (iii) separation from service, or (iv) death.