Edward J. McGowan - Mar 3, 2025 Form 4 Insider Report for AKAMAI TECHNOLOGIES INC (AKAM)

Role
Chief Financial Officer
Signature
/s/ Thomas M. Lair, as power of attorney
Stock symbol
AKAM
Transactions as of
Mar 3, 2025
Transactions value $
$0
Form type
4
Date filed
3/5/2025, 08:59 PM
Previous filing
Feb 25, 2025
Next filing
Mar 6, 2025
SEC
View on sec.gov

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 +12.4K $0.00 12.4K Mar 3, 2025 Common Stock 12.4K $0.00 Direct F1, F2
transaction AKAM TSR Restricted Stock Units Award $0 +18.6K $0.00 18.6K Mar 3, 2025 Common Stock 18.6K $0.00 Direct F3, F4
transaction AKAM Restricted Stock Units Award $0 +30.9K $0.00 30.9K Mar 3, 2025 Common Stock 30.9K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.