Rackspace Director Receives 75,471 RSUs, Sells Portion for Tax Purposes
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Rhea-AI Filing Summary
Rackspace Technology Director Anthony C. Roberts reported two significant transactions on June 20, 2025:
- Acquired 75,471 restricted stock units (RSUs) as part of the Non-Employee Director Compensation Policy at $0 cost
- Disposed of 24,416 shares at $1.20 per share through tax withholding on vested RSUs
The newly granted RSUs will vest at the earlier of: (a) the next annual stockholder meeting after the grant date, or (b) the one-year anniversary of the grant date, contingent on Roberts maintaining his board position. Following these transactions, Roberts directly owns 212,985 shares of common stock. The share withholding transaction was executed under Rule 16b-3 exemption for tax purposes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 75,471 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 24,416 | $1.20 | $29K |
Footnotes (2)
- 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.
- F2. 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.
FAQ
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When will Anthony Roberts' RXT RSUs vest?
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