Rackspace director granted 40,545 RSUs
Rackspace Technology director Aaron F. Sobel was granted 40,545 RSUs that vest in full at the next annual meeting or after one year of continued board service.
Rhea-AI Filing Summary
Rackspace Technology, Inc. (symbol: RXT) is the issuer of record for a Form 4 filing submitted to the SEC. Sobel Aaron F. reported acquisition or exercise transactions in this Form 4 filing.
Rackspace Technology, Inc. (RXT) reported that director Aaron F. Sobel received a grant of 40,545 restricted stock units (RSUs) of common stock on September 15, 2026 under the company’s Non-Employee Director Compensation Policy. Each RSU represents one share and all 40,545 shares will vest on the earlier of the next annual stockholders’ meeting or the one-year anniversary of the grant date, contingent on his continued board service. No Rule 10b5-1 trading plan is reported for this award.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40,545 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a pro-rated 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 financial
Non-Employee Director Compensation Policy financial
Section 16b-3 regulatory
annual meeting of stockholders financial
FAQ
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What insider transaction did Rackspace Technology (RXT) report for Aaron F. Sobel?
What are the vesting terms of the 40,545 RSUs granted by RXT to Aaron F. Sobel?
Is the RSU grant to Aaron F. Sobel under a Rule 10b5-1 trading plan at RXT?
What does each RSU granted by Rackspace Technology (RXT) to Aaron F. Sobel represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.