McGowan Edward J 4
4 · AKAMAI TECHNOLOGIES INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Akamai (AKAM) CFO Edward McGowan Receives Awards; Sells 4,830 Shares
What Happened
- Akamai CFO Edward J. McGowan had performance restricted stock units (PRSUs) convert to common shares on Feb 19, 2026. A total of 13,923 shares vested/converted (code M/A). To cover tax withholding (code F), 4,830 of those shares were withheld/sold at $109.31 per share, generating proceeds of $527,967. In addition, the filing shows 5,553, 4,089 and 6,353 PRSU-related share awards credited from prior grants (see footnotes).
Key Details
- Transaction date: February 19, 2026; Form 4 filed Feb 20, 2026 (timely).
- Vesting/conversion: 13,923 shares vested/converted (code M/A).
- Tax withholding/sale: 4,830 shares disposed (code F) at $109.31 each for $527,967.
- Additional PRSU credits earned on certification of 2025 results:
- 5,553 shares (from Mar 6, 2023 grant) — part of the 13,923 that vested (F1).
- 4,089 shares (from Mar 4, 2024 grant) — earned for 2025; full vesting contingent on future targets (F4).
- 6,353 shares (from Mar 3, 2025 grant) — earned for 2025; full vesting contingent on future targets (F5).
- Beneficial ownership note: the filing indicates total shares beneficially owned (as of Feb 19, 2026) includes 9,190 shares the reporting person has elected to defer under the company’s deferred compensation plan (F2, F3).
- Filing status: appears timely (filed next day); no late-file note in the provided data.
Context
- These transactions are primarily award vesting and conversions of PRSUs (not open-market purchases). The 4,830-share disposition reflects routine tax withholding/sale to satisfy tax obligations, not a discretionary market sale for investment reasons.
- PRSUs represent the right to receive one share per unit upon vesting; some credited amounts are contingent on multi-year performance and may not yet be fully vested until future results are certified.
Insider Transaction Report
Form 4
McGowan Edward J
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-19+13,923→ 30,365 total - Tax Payment
Common Stock
[F2]2026-02-19$109.31/sh−4,830$527,967→ 25,535 total - Award
Performance Restricted Stock Units
[F1]2026-02-19+5,553→ 13,923 total→ Common Stock (5,553 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F1]2026-02-19−13,923→ 0 total→ Common Stock (13,923 underlying) - Award
Performance Restricted Stock Units
[F4]2026-02-19+4,089→ 6,225 total→ Common Stock (4,089 underlying) - Award
Performance Restricted Stock Units
[F5]2026-02-19+6,353→ 6,353 total→ Common Stock (6,353 underlying)
Holdings
- 113.339(indirect: By 401(k))
Common Stock
[F3]
Footnotes (5)
- [F1]Represents an award of performance restricted stock units ("PRSUs") originally granted to the Reporting Person on March 6, 2023 contingent upon achievement of specified financial performance targets for each of 2023, 2024 and 2025. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 5,553 shares being earned and the vesting of a total of 13,923 shares of Issuer common stock subject to such PRSUs.
- [F2]Total shares beneficially owned includes 9,190 shares of which the Reporting Person has elected to defer receipt pursuant to the Akamai Technologies, Inc. Amended and Restated U.S. Non-Qualified Deferred Compensation Plan.
- [F3]As of February 19, 2026.
- [F4]Represents an award of PRSUs originally granted to the Reporting Person on March 4, 2024 contingent upon achievement of specified financial performance targets for each of 2024, 2025 and 2026. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in an additional 4,089 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2026 are certified.
- [F5]Represents an award of PRSUs originally granted to the Reporting Person on March 3, 2025 contingent upon achievement of specified financial performance targets for each of 2025, 2026 and 2027. Each PRSU represents the right to receive one share of Issuer common stock upon vesting. On February 19, 2026, the Issuer's financial results for 2025 were certified, resulting in 6,353 shares being earned. To the extent the targets for each such year are met, the PRSUs will fully vest on the date on which the Issuer's financial results for 2027 are certified.
Signature
/s/ Thomas M. Lair, as power of attorney|2026-02-20