Karon Adam 4

What Happened Adam Karon, Akamai Technologies' Chief Operating Officer and GM of the Edge Technology Group, had performance-based restricted stock units (PRSUs) credit and conversion activity on Feb 19, 2026. A total of 16,846 PRSUs vested/converted (related to earlier grants), and 6,444 of those shares were surrendered/withheld to cover tax obligations at $109.31 per share, yielding $704,394. Additional PRSU credits were reported: 6,717 shares (from a 2023 grant, contributing to the 16,846 total vested), plus 5,156 and 8,065 shares credited from 2024 and 2025 grants that are earned based on 2025 results but remain subject to future performance-based vesting.

Key Details

• Transaction date: Feb 19, 2026; Form 4 filed Feb 20, 2026 (timely).
• Vested/converted shares: 16,846 total (from prior PRSU grants).
• Tax withholding/disposition: 6,444 shares withheld/surrendered at $109.31 for $704,394 (code F — tax withholding/payment).
• Other PRSU credits: 6,717 (part of the 16,846 vested), plus 5,156 and 8,065 shares credited under 2024 and 2025 grants (remain subject to future vesting certification).
• Beneficial ownership note: filing states total beneficial ownership as of Feb 19, 2026 (includes 7,111 shares the reporting person elected to defer under the company’s deferred compensation plan).
• Transaction codes explained: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax liability (here, share withholding for taxes).

Context PRSUs are performance-based awards that convert to shares only if specified financial targets are met. The share withholding here is a routine tax-withholding transaction (not an open-market sale) to satisfy tax liabilities upon vesting. Portions credited from recent grants are earned for 2025 results but, per the footnotes, will only fully vest if future performance targets are met and certified in later years. This activity reflects standard compensation settlement rather than an opportunistic market trade.