McGowan Edward J 4

What Happened Edward J. McGowan, Chief Financial Officer of Akamai Technologies, converted 9,008 restricted stock units (RSUs) into common shares on March 6, 2026. To satisfy tax withholding, 4,356 of those shares were surrendered at $101.00 per share for a withholding value of $439,956. The RSUs had no exercise price, so the conversion is recorded as $0 exercise price; the net shares delivered to McGowan were approximately 4,652 (9,008 vested – 4,356 withheld). This is not an open-market purchase or sale but a routine vesting and tax-withholding event.

Key Details

• Transaction date: March 6, 2026. Filing date: March 6, 2026 (timely).
• Converted/vested: 9,008 RSUs → common shares (derivative conversion, code M).
• Tax withholding: 4,356 shares withheld, $101.00 per share, total $439,956 (code F).
• Net shares received: ~4,652 shares.
• Shares beneficially owned (per filing/footnotes): 29,800 total (includes amounts deferred under the company’s deferred compensation plan; ownership figure as of March 3, 2026).
• Relevant footnotes: F1 explains each RSU = one share on vesting; F4 notes a 27,021 RSU grant on Mar 6, 2023 that vests in three annual installments.

Context This transaction reflects routine RSU vesting and cashless tax withholding rather than an open-market sale or purchase that would indicate a trading preference. The $0 exercise price and a separate derivative-to-share conversion entry are consistent with RSUs converting to stock on the vesting date; withholding shares to cover taxes is common practice.