Rackspace director awarded 37,950 RSUs
Rackspace Technology director Scott Anthony received a grant of 37,950 restricted stock units (RSUs) of Common Stock as director compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,950 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy of the Issuer in a transaction exempt under Section 16b-3. Each RSU represents the right to receive one share of common stock of Rackspace Technology, Inc. upon vesting. The shares underlying the RSUs will vest on the earlier of (a) the next subsequent annual meeting of stockholders following the grant date or (b) the one year anniversary of the grant date, subject to the reporting person remaining a member of the Issuer's board of directors through such date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
Non-Employee Director Compensation Policy financial
Section 16b-3 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rackspace (RXT) director Scott Anthony report?
At what price were Scott Anthony’s Rackspace (RXT) RSUs granted?
When do Scott Anthony’s Rackspace (RXT) RSUs vest?
What is the nature of Scott Anthony’s Rackspace (RXT) RSU award?
Does Scott Anthony’s Rackspace (RXT) Form 4 show any stock sales or purchases?
AI-generated analysis. How Rhea-AI works. Not financial advice.