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AKAMAI TECHNOLOGIES INC — Director's Dealing 2024
Feb 23, 2024
30559_dirs_2024-02-23_1c6e3706-b016-4fa9-9b32-9080d8f941b4.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: 2024-02-21
Reporting Person: Sundaram Mani (EVP and GM Security)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-21 | Common Stock | A | 5591 | — | Acquired | 13052 | Indirect |
| 2024-02-21 | Common Stock | F | 2480 | $107.16 | Disposed | 10572 | Indirect |
| 2024-02-21 | Common Stock | M | 9271 | — | Acquired | 19843 | Indirect |
| 2024-02-21 | Common Stock | F | 2774 | $108.36 | Disposed | 17069 | Indirect |
| 2024-02-21 | Common Stock | M | 1932 | — | Acquired | 19001 | Indirect |
| 2024-02-21 | Common Stock | F | 857 | $108.36 | Disposed | 18144 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-21 | Performance Restricted Stock Units | $0 | M | 9271 | Disposed | 2024-03-02 | Common Stock (9271) | Direct |
| 2024-02-21 | TSR Restricted Stock Units | $0 | M | 1932 | Disposed | 2024-03-02 | Common Stock (1932) | Direct |
Footnotes
F1: Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee.
F2: Represents shares issued under the Akamai Technologies, Inc. Amended and Restated 2013 Stock Incentive Plan in payment of 2023 bonus award.
F3: Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.
F4: Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2021, 2022 and 2023. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2023 are certified. Amount reported reflects number of RSUs earned.
F5: 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 2021, 2022 and 2023. 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 2023 are certified. Amount reported reflects number of RSUs earned.