AKAMAI TECHNOLOGIES INC·4

Mar 6, 6:37 PM ET

Howell Laura 4

Research Summary

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Akamai (AKAM) SVP Laura Howell Exercises RSUs, Sells Shares for Taxes

What Happened

  • Laura Howell, Senior Vice President and Chief Accounting Officer at Akamai Technologies, had 2,002 restricted stock units (RSUs) convert into common shares on March 6, 2026. Of those, 588 shares were withheld and disposed to cover tax withholdings at $101.00 per share, totaling $59,388. The vesting/conversion shows 2,002 RSUs settled into shares (one record of acquisition and one showing the derivative conversion).

Key Details

  • Transaction date: March 6, 2026.
  • Vesting/conversion: 2,002 RSUs converted to 2,002 shares (derivative exercise/settlement).
  • Tax withholding: 588 shares withheld at $101.00/share → $59,388 paid to cover taxes.
  • Net shares delivered to Howell: 2,002 − 588 = 1,414 shares.
  • Shares owned after transaction: Not specified in the provided excerpt (footnote F2 references ownership status "as of March 3, 2026" but the filing extract did not list the total).
  • Footnotes: F1 clarifies each RSU equals one share at vesting. F3 notes the 6,004 RSU grant was made on March 6, 2023 and vests in equal annual installments over three years (hence the 2,002-share tranche).
  • Filing timeliness: No late filing indicated (transaction and report dated March 6, 2026).

Context

  • This was a routine vesting of RSUs (compensation), not an open-market purchase or discretionary sale. The withholding of shares to satisfy tax obligations is common and does not by itself signal a change in insider sentiment. The filing shows conversion/settlement of RSUs rather than an option exercise followed by a market sale (i.e., the insider did not sell additional shares on the open market in this filing).