Sundaram Mani 4
4 · AKAMAI TECHNOLOGIES INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Akamai EVP Sundaram Mani Exercises Derivatives, Receives PRSU Awards
What Happened
- Sundaram Mani, EVP and GM, Security at Akamai (AKAM), had performance-based restricted stock units (PRSUs) certified on Feb 19, 2026 following the company's 2025 financial results. Portions of multiple PRSU awards were earned (4,114; 3,801; and 5,579 shares were reported as earned), and a conversion/vesting event resulted in 10,313 shares converting from PRSU derivatives into common stock.
- As part of the vesting, 3,291 shares were withheld to satisfy tax withholding at $109.31 per share, totaling $359,739. The transactions include award/grant entries (code A), conversion/exercise of derivatives (code M), and a tax-withholding disposition (code F).
Key Details
- Transaction date: Feb 19, 2026 (reported Feb 20, 2026).
- Shares reported earned on certification: 4,114 (2023 grant), 3,801 (2024 grant), 5,579 (2025 grant). Conversion/vesting recorded for 10,313 shares (from the 2023 PRSU grant per footnote).
- Tax withholding: 3,291 shares withheld at $109.31/share = $359,739 (code F, sell-to-cover style withholding).
- Shares owned after the transaction: not specified in the filing (filing lists holdings "as of Feb 19, 2026" but does not provide a post-transaction total).
- Footnotes: awards are PRSUs contingent on multi-year financial targets (grants dated Mar 6, 2023; Mar 4, 2024; Mar 3, 2025). The Feb 19 certification triggered additional earned amounts; some PRSUs will not fully vest until future-year certifications per the grant terms.
- Filing timeliness: Form 4 was filed the day after the transactions (appears timely; no late filing flag indicated).
Context
- PRSUs are performance-contingent awards that convert to shares when targets are met; conversion and share-withholding for taxes is a routine administrative step (often called sell-to-cover) and does not necessarily signal insider sentiment.
- Transaction codes: A = award/grant, M = exercise/conversion of derivative (PRSUs converting to shares), F = payment of exercise price or tax liability (withheld shares).
Insider Transaction Report
Form 4
Sundaram Mani
EVP and GM Security
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-19+10,313→ 23,863 total(indirect: See footnote) - Tax Payment
Common Stock
[F2]2026-02-19$109.31/sh−3,291$359,739→ 20,572 total(indirect: See footnote) - Award
Performance Restricted Stock Units
[F1]2026-02-19+4,114→ 10,313 total→ Common Stock (4,114 underlying) - Exercise/Conversion
Performance Restricted Stock Units
[F1]2026-02-19−10,313→ 0 total→ Common Stock (10,313 underlying) - Award
Performance Restricted Stock Units
[F4]2026-02-19+3,801→ 5,786 total→ Common Stock (3,801 underlying) - Award
Performance Restricted Stock Units
[F5]2026-02-19+5,579→ 5,579 total→ Common Stock (5,579 underlying)
Holdings
- 151.441(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 4,114 shares being earned and the vesting of a total of 10,313 shares of Issuer common stock subject to such PRSUs.
- [F2]Held by The MMMM Family Living Trust, of which the Reporting Person is a trustee.
- [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 3,801 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 5,579 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