secwatch.observer — SEC 8-K summary
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Issuer:     AKAMAI TECHNOLOGIES INC (AKAM)
CIK:        0001086222
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001193125-24-046350
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akamai sets 2024 executive compensation; Leighton bonus target $1.5M, max $3.3M
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- Leighton base salary remains $1; target bonus $1.5M, max $3.3M tied to revenue, adjusted op income, and ESG modifier.
- McGowan base $535k (target 85% salary); Joseph $520k (100%); Karon $570k (100%); Sundaram $500k (80%).
- Annual RSU grants: Leighton $6.75M, McGowan $2.205M, Joseph $1.88M, Karon $2.78M, Sundaram $2.05M.
- Corporate performance-based RSUs (max deliverable) and stock TSR-based RSUs also approved with targets for 2024-2026.
- All RSUs to be granted March 4, 2024; performance-based RSUs vest after fiscal 2026 certification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086222/000119312524046350/0001193125-24-046350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086222/000119312524046350/d798200d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-046350

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