0001086222-24-000081.txt : 20240306 0001086222-24-000081.hdr.sgml : 20240306 20240306164910 ACCESSION NUMBER: 0001086222-24-000081 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240304 FILED AS OF DATE: 20240306 DATE AS OF CHANGE: 20240306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sundaram Mani CENTRAL INDEX KEY: 0001810228 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27275 FILM NUMBER: 24726648 MAIL ADDRESS: STREET 1: C/O AKAMAI TECHNOLOGIES, INC. STREET 2: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AKAMAI TECHNOLOGIES INC CENTRAL INDEX KEY: 0001086222 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 043432319 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6174443000 MAIL ADDRESS: STREET 1: 145 BROADWAY CITY: CAMBRIDGE STATE: MA ZIP: 02142 4 1 wk-form4_1709761732.xml FORM 4 X0508 4 2024-03-04 0 0001086222 AKAMAI TECHNOLOGIES INC AKAM 0001810228 Sundaram Mani C/O AKAMAI TECHNOLOGIES, INC. 145 BROADWAY CAMBRIDGE MA 02142 0 1 0 0 EVP and GM Security 0 Common Stock 2024-03-06 4 M 0 6671 0 A 25833 I See footnote Common Stock 2024-03-06 4 F 0 3226 109.38 D 22607 I See footnote Common Stock 2024-03-06 4 S 0 6148 110.29 D 16459 I See footnote Performance Restricted Stock Units 0 2024-03-04 4 A 0 7403 0 A 2027-03-05 Common Stock 7403 7403 D TSR Restricted Stock Units 0 2024-03-04 4 A 0 11105 0 A 2027-03-05 Common Stock 11105 11105 D Restricted Stock Units 0 2024-03-04 4 A 0 18508 0 A 2027-03-05 Common Stock 18508 18508 D Restricted Stock Units 0 2024-03-06 4 M 0 6671 0 D 2026-03-07 Common Stock 6671 13345 D Held by The MMMM Family Living Trust, of which Mr. Sundaram is a trustee. Sale was made pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sundaram on December 5, 2023. Each performance restricted stock unit ("PRSU") represents the right to receive one share of Akamai common stock upon vesting. 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. Each TSR Restricted Stock Unit ("TSR RSU") represents the right to receive one share of Akamai common stock upon vesting. 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. Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. /s/ Thomas M. Lair, as power of attorney 2024-03-06