Burger Bas 4
Research Summary
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Akamai (AKAM) Director Bas Burger Receives Award, Converts Units
What Happened Bas Burger, a director of Akamai Technologies (AKAM), received director compensation in the form of deferred stock units (DSUs) and had previously granted DSUs converted/distributed. The filing shows:
- 1,706 DSUs granted on May 13, 2026 (award, $0 cash consideration).
- 3,028 DSUs converted/ exercised and distributed on May 14, 2026 (recorded as both an acquisition and a disposition of derivative shares with $0 cash consideration).
These entries reflect non‑cash compensation and the conversion/distribution of deferred units rather than an open‑market purchase or sale.
Key Details
- Transaction dates: May 13, 2026 (award of 1,706 DSUs); May 14, 2026 (conversion/distribution of 3,028 DSUs).
- Prices/consideration: $0 or N/A in the filing (awards/derivative conversions, not cash transactions).
- Shares owned after transaction: not disclosed in this Form 4.
- Footnotes: F1 — each DSU = right to one share on vesting; F2 — DSUs vest one year after grant; F3 — filing notes a grant of 3,028 DSUs on July 12, 2026 that vested and were distributed on May 14, 2026 (as reported).
- Filing timeliness: Form filed May 14, 2026 for transactions through May 13–14, 2026 — appears to be filed within the usual Form 4 reporting window.
Context Deferred stock units are a form of equity compensation for directors that convert into shares upon vesting; $0 entries indicate compensation issuance or administrative conversion rather than market trades. Routine director DSU awards and distributions are common and do not necessarily indicate a change in insider market sentiment.