Rackspace Board Member Gets $1M+ Stock Package as Company Strengthens Leadership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Anthony Scott of Rackspace Technology received a grant of 75,471 restricted stock units (RSUs) on June 20, 2025, as part of the company's Non-Employee Director Compensation Policy. Following this transaction, Scott's direct beneficial ownership increased to 231,045 shares.
Key details of the RSU grant:
- Transaction was exempt under Section 16b-3
- Each RSU converts to one share of common stock upon vesting
- RSUs will vest at the earlier of:
- Next annual stockholders meeting after grant date
- One-year anniversary of grant date (June 20, 2026)
- Vesting contingent on continued board membership
- RSUs were granted at $0 exercise price
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scott Anthony
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 75,471 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 231,045 shares (Direct)
Footnotes (1)
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FAQ
What is the vesting schedule for RXT Director Scott's new RSU grant?
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 (June 20, 2026), subject to Scott remaining a member of Rackspace Technology's board of directors through such date.
What was the purchase price of RXT RSUs granted to Director Scott?
The RSUs were granted at $0 cost to Director Scott as part of Rackspace Technology's Non-Employee Director Compensation Policy in a transaction exempt under Section 16b-3.