Rackspace (RXT) director reports RSU stock grant and tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rackspace Technology, Inc. director Anthony C. Roberts reported routine equity compensation and related tax withholding. He received 37,950 shares of common stock as a grant/award tied to restricted stock units under the company’s Non-Employee Director Compensation Policy. On the same date, 35,472 shares were withheld by Rackspace to cover withholding tax liability at a reference price of $7.22 per share, a non-market, tax-related disposition. After these transactions, Roberts directly owned 177,513 shares of Rackspace common stock. The underlying RSUs are scheduled to vest on the earlier of the next annual stockholder meeting or the one-year anniversary of the grant, as long as he continues serving on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Roberts Anthony C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,472 | $7.22 | $256K |
| Grant/Award | Common Stock | 37,950 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 177,513 shares (Direct, null)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy withholding tax liability incident to the vesting of restricted stock units in a transaction exempt under Rule 16b-3. 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.