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CAMBRIDGE, MA—Karon Adam, the Chief Operating Officer and General Manager of Edge Technology Group at Akamai Technologies Inc . (NASDAQ:AKAM), recently executed a significant stock transaction. According to a recent SEC filing, Adam sold 6,431 shares of Akamai common stock on March 4, 2025. The shares were sold at a weighted average price of $80.4901, totaling approximately $517,631. The sale was conducted under a pre-established Rule 10b5-1 trading plan. The transaction comes as Akamai’s stock trades at $82.82, down nearly 25% over the past year. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.
Following this transaction, Adam holds 14,239 shares of Akamai stock directly. Additionally, through a 401(k) plan, he indirectly owns 71.037 shares.
In addition to the sale, Adam received a substantial number of stock units on March 3, 2025. These included 15,703 Performance Restricted Stock Units, 23,555 TSR Restricted Stock Units, and 39,259 Restricted Stock Units. Each unit represents the right to receive one share of Akamai common stock upon vesting, which is subject to various performance and time-based conditions.
In other recent news, Akamai Technologies has been in the spotlight with several significant developments. CEO F. Thomson Leighton made headlines by purchasing approximately $3 million worth of the company’s common stock, a move seen as a strong vote of confidence in Akamai’s future prospects. This insider transaction was disclosed in a Securities and Exchange Commission filing and is often interpreted as a positive signal by investors. Additionally, Akamai announced its 2025 executive compensation strategy, which includes stock-based bonuses and restricted stock units tied to corporate performance objectives. This compensation plan aligns executive rewards with the company’s revenue and adjusted operating income targets, incorporating environmental, social, and governance (ESG) goals.
In another development, Akamai’s board member Bill Wagner resigned to assume a CEO role at Semrush Holdings, Inc., with the company expressing gratitude for his contributions. Akamai also introduced a Managed Container Service aimed at enhancing the delivery of business applications globally. This service leverages Akamai’s extensive cloud platform, operating in over 700 cities and 4,300 points of presence worldwide. The Managed Container Service is designed to improve application performance and user experience by running workloads closer to users and data sources. These recent developments underscore Akamai’s strategic initiatives and ongoing commitment to innovation and performance-based growth.
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