Joseph Paul C 4

What Happened

• Joseph Paul C, EVP — Global Sales at Akamai Technologies, had performance-based restricted stock units (PRSUs) convert into common shares on Feb 19, 2026. A total of 10,313 PRSU shares vested from a 2023 award; 3,288 of those vested shares were withheld/sold to cover tax liabilities at $109.31 per share for proceeds of $359,411. The filing also reports additional PRSU credits earned: 4,114 (from the 2023 grant), 3,487 (from a 2024 grant) and 5,148 (from a 2025 grant) as performance results were certified for 2025.

Key Details

• Transaction date: Feb 19, 2026; Form 4 filed Feb 20, 2026 (timely).
• Tax withholding: 3,288 shares disposed at $109.31/share for $359,411 (code F).
• Vesting/conversion: 10,313 PRSU shares vested/converted (codes M/A for exercise/conversion and award).
• Additional PRSU credits earned on certification of 2025 results: 4,114; 3,487; 5,148 (see footnotes F1, F3, F4).
• Shares owned after transaction: not specified in the provided excerpt (see filing for full beneficial ownership info; footnote F2 references status as of Feb 19, 2026).
• No indication this filing was late; this appears to be a routine vesting/tax-withholding event, not an open-market purchase or discretionary sale.

Context

• PRSUs are performance-based restricted stock units — each unit converts to one share upon satisfaction of performance goals and relevant certification. The conversion here reflects certified 2025 financial results that triggered partial/full crediting of multiple multi-year PRSU awards.
• The 3,288-share disposition is a tax-withholding/cashless cover (code F), common on vesting events and not the same as an open-market sale by the insider.