Joseph Paul C 4
Research Summary
AI-generated summary
Akamai EVP Joseph Paul C Receives RSU Shares; 3,227 Withheld
What Happened
- Joseph Paul C, Executive Vice President — Global Sales at Akamai Technologies (AKAM), had 6,673 restricted stock units convert to common shares on March 6, 2026.
- To satisfy tax withholding, 3,227 of those shares were surrendered at $101.00/share, generating proceeds of $325,927. Net shares issued to him were 6,673 − 3,227 = 3,446 shares (gross value of all vested shares ≈ $673,973; net value received ≈ $348,046).
Key Details
- Transaction date: 2026-03-06. Withholding price: $101.00/share. Withheld shares: 3,227 for $325,927. Vested/converted shares: 6,673. Net shares retained: 3,446.
- Footnotes: Each RSU converts to one share on vesting (F1). The RSUs were part of a 20,016 RSU grant made March 6, 2023 that vests in three equal annual installments (F3). Ownership snapshot reference date: March 3, 2026 (F2).
- Filing appears timely (Period of Report and File date: 2026-03-06).
- Transaction codes: M = conversion/exercise of a derivative (RSU conversion here); F = shares withheld to satisfy tax liability.
Context
- This was a routine RSU vesting event with shares withheld for taxes (common tax withholding/cashless settlement). It is not an open-market sale signaling a discretionary disposition beyond the required withholding.
- For full post-transaction beneficial ownership and any additional details, see the full Form 4 filing (Accession: 0001845574-26-000012).