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AKAMAI TECHNOLOGIES INC — Director's Dealing 2022
Mar 9, 2022
30559_dirs_2022-03-09_bdfaa766-13be-4f27-8e7c-ecc56d29a26d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AKAMAI TECHNOLOGIES INC (AKAM)
CIK: 0001086222
Period of Report: 2022-03-07
Reporting Person: Joseph Paul C (EVP - Global Sales)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-07 | Restricted Stock Units | $0.0 | A | 9999 | Acquired | 2025-03-08 | Common Stock (9999.0) | Direct |
| 2022-03-07 | TSR Restricted Stock Units | $0.0 | A | 4999 | Acquired | 2025-03-08 | Common Stock (4999.0) | Direct |
| 2022-03-07 | Performance Restricted Stock Units | $0.0 | A | 9999 | Acquired | 2025-03-08 | Common Stock (9999.0) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F2: RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F3: Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2022, 2023 and 2024. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2024 are certified. Amount reported is target issuable.
F4: Vesting of such RSUs is dependent on Akamai's achievement of specified financial performance targets for each of 2022, 2023 and 2024. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2024 are certified. Amount reported is target issuable.