Rackspace (RXT) director Scott Anthony granted 37,950 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rackspace Technology director Scott Anthony received a grant of 37,950 restricted stock units (RSUs) of Common Stock as director compensation. The RSUs were granted at no cash cost per share and are exempt under Section 16b-3. Each RSU converts into one Rackspace share upon vesting. The RSUs will vest on the earlier of the next annual stockholders’ meeting or one year from the grant date, if he remains on the board. After this award, Anthony directly holds 228,995 shares, showing this is an additional equity-based compensation grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scott Anthony
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,950 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 228,995 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 37,950 RSUs
Grant price: $0.00 per share
Shares after transaction: 228,995 shares
3 metrics
RSUs granted
37,950 RSUs
Non-Employee Director Compensation grant
Grant price
$0.00 per share
RSU award, no cash purchase
Shares after transaction
228,995 shares
Direct holdings following RSU grant
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, Section 16b-3
3 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Policy financial
"grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy of the Issuer"
Section 16b-3 regulatory
"in a transaction exempt under Section 16b-3"
FAQ
What insider transaction did Rackspace (RXT) director Scott Anthony report?
Scott Anthony reported receiving 37,950 restricted stock units (RSUs) of Rackspace common stock. The award is a form of equity compensation under the company’s Non-Employee Director Compensation Policy and did not involve any cash purchase in the market.
At what price were Scott Anthony’s Rackspace (RXT) RSUs granted?
The 37,950 RSUs were granted at a price of $0.00 per share. This reflects that the award is stock-based compensation for board service, not an open-market stock purchase, and each RSU represents the right to receive one Rackspace common share upon vesting.
When do Scott Anthony’s Rackspace (RXT) RSUs vest?
The RSUs vest on the earlier of the next annual meeting of stockholders following the grant date or the one-year anniversary of the grant date. Vesting is contingent on Scott Anthony continuing to serve as a member of Rackspace’s board through that date.
What is the nature of Scott Anthony’s Rackspace (RXT) RSU award?
The award is a grant of RSUs under Rackspace’s Non-Employee Director Compensation Policy in a transaction exempt under Section 16b-3. Each RSU represents one share of common stock, delivered after vesting, aligning director compensation with shareholder interests.
Does Scott Anthony’s Rackspace (RXT) Form 4 show any stock sales or purchases?
The Form 4 shows only a grant or award acquisition of 37,950 RSUs and no stock sales or market purchases. It reflects compensation-related equity issuance, not an open-market trading decision, and leaves his overall equity exposure to Rackspace shares increased.