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AKAMAI TECHNOLOGIES INC — Director's Dealing 2025
Mar 5, 2025
30559_dirs_2025-03-05_d7a7e177-d9ff-4e7d-b629-a4b5368d2f55.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: 2025-03-03
Reporting Person: McGowan Edward J (Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-03 | Performance Restricted Stock Units | $0 | A | 12370 | Acquired | 2028-03-04 | Common Stock (12370) | Direct |
| 2025-03-03 | TSR Restricted Stock Units | $0 | A | 18555 | Acquired | 2028-03-04 | Common Stock (18555) | Direct |
| 2025-03-03 | Restricted Stock Units | $0 | A | 30925 | Acquired | 2028-03-04 | Common Stock (30925) | Direct |
Footnotes
F1: Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
F2: Vesting of such PRSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2025, 2026 and 2027. To the extent such targets are met, the PRSUs will vest on the date the company's financial results for 2027 are certified. Amount reported is target issuable. Mr. McGowan has elected to defer the receipt of 85% of such awards on the vesting date.
F3: Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
F4: Vesting of such TSR RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Index for 2025, 2026 and 2027. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the TSR RSUs will vest in full on the date the company's financial results for 2027 are certified. Amount reported is target issuable. Mr. McGowan has elected to defer the receipt of 85% of such awards on the vesting date.
F5: Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F6: RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. Mr. McGowan has elected to defer the receipt of 85% of such awards upon vesting.