Paul C. Joseph - Feb 21, 2022 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
EVP - Global Sales
Signature
/s/ Shaan K. Majmudar, as power of attorney
Stock symbol
AKAM
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 03:05 PM
Previous filing
Nov 2, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +6.01K +18.71% $0.00 38.1K Feb 21, 2022 Direct
transaction AKAM Common Stock Tax liability $0 -2.34K -6.13% $0.00 35.8K Feb 21, 2022 Direct
transaction AKAM Common Stock Options Exercise $0 +1.36K +3.79% $0.00 37.1K Feb 21, 2022 Direct
transaction AKAM Common Stock Tax liability $0 -603 -1.62% $0.00 36.5K Feb 21, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AKAM Performance Restricted Stock Units Options Exercise $0 -6.01K -100% $0.00* 0 Feb 21, 2022 Common Stock 6.01K $0.00 Direct F1, F2
transaction AKAM TSR Restricted Stock Units Options Exercise $0 -1.36K -100% $0.00* 0 Feb 21, 2022 Common Stock 1.36K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F2 Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2019, 2020 and 2021. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2021 are certified. Amount reported reflects number of RSUs earned.
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 2019, 2020 and 2021. 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 2021 are certified. Amount reported reflects number of RSUs earned.