F. Thomson Leighton - Mar 4, 2024 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Signature
/s/ Thomas M. Lair, as power of attorney
Stock symbol
AKAM
Transactions as of
Mar 4, 2024
Transactions value $
-$1,235,010
Form type
4
Date filed
3/6/2024, 04:45 PM
Previous filing
Mar 5, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKAM Common Stock Options Exercise $0 +23.4K +45.47% $0.00 74.7K Mar 6, 2024 Direct
transaction AKAM Common Stock Tax liability -$1.24M -11.3K -15.11% $109.38 63.4K Mar 6, 2024 Direct
holding AKAM Common Stock 108K Mar 4, 2024 See note F1
holding AKAM Common Stock 2.32M Mar 4, 2024 See note F2, F3

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 Award $0 +24.4K $0.00 24.4K Mar 4, 2024 Common Stock 24.4K $0.00 Direct F4, F5
transaction AKAM TSR Restricted Stock Units Award $0 +36.6K $0.00 36.6K Mar 4, 2024 Common Stock 36.6K $0.00 Direct F6, F7
transaction AKAM Restricted Stock Units Award $0 +60.9K $0.00 60.9K Mar 4, 2024 Common Stock 60.9K $0.00 Direct F8, F9
transaction AKAM Restricted Stock Units Options Exercise $0 -23.4K -33.33% $0.00 46.7K Mar 6, 2024 Common Stock 23.4K $0.00 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held by the TBL Foundation of which Mr. Leighton serves as a trustee.
F2 Held by the F. Thomson Leighton and Bonnie B. Leighton Revocable Trust dtd 11/3/99 of which Mr. Leighton serves as a trustee. Mr. Leighton disclaims beneficial ownership of shares held by such trust except to the extent of his pecuniary interest therein.
F3 Includes 10,481 shares received pursuant to a distribution from the David T. Leighton trust, of which the Reporting Person served as trustee. Such distribution was made in accordance with the exemptions afforded under 16a-9 and 16a-13.
F4 Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting.
F5 Vesting of such PRSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2024, 2025 and 2026. To the extent such targets are met, the PRSUs will vest on the date the company's financial results for 2026 are certified. Amount reported is target issuable.
F6 Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting.
F7 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 2024, 2025 and 2026. 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 2026 are certified. Amount reported is target issuable.
F8 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F9 RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date.
F10 Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting.