secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001086222-23-000072
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akamai sets 2023 executive comp: CEO salary $1, target bonus $1.5M; RSU grants up to $6.3M
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- CEO Leighton: $1 salary, target bonus $1.5M, max $3.3M; annual RSUs $5.25M, performance RSUs up to $10.5M.
- CFO McGowan: $515K salary, target bonus 85% of 2022 salary, max 187%; annual RSUs $2.025M.
- COO Karon: $550K salary, target bonus 100%, max 220%; annual RSUs $2.45M.
- Bonus based 50% on revenue target, 50% on adjusted operating income; ESG modifier adjusts payout ±10%.
- Performance-based RSUs vest over 3 years tied to revenue, non-GAAP EPS, and relative TSR vs S&P 500.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000108622223000072/0001086222-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000108622223000072/akam-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001086222-23-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer