Holly Windham - Sep 1, 2021 Form 4 Insider Report for Rackspace Technology, Inc. (RXT)

Role
EVP, Chief Legal & People Off
Signature
/s/ Stefanie Box, as attorney-in-fact
Stock symbol
RXT
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/3/2021, 02:07 PM
Previous filing
Aug 23, 2021
Next filing
Sep 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXT Common Stock, par value $0.01 Award $0 +90K +22.52% $0.00 490K Sep 1, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RXT Employee Stock Option (right to buy) Award $0 +400K $0.00 400K Sep 1, 2021 Common Stock, par value $0.01 400K $11.41 Direct F2
transaction RXT Employee Stock Option (right to buy) Award $0 +240K $0.00 240K Sep 1, 2021 Common Stock, par value $0.01 240K $8.33 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 13, 2018, the reporting person was granted 90,000 performance-based stock units (PSUs). The PSUs vest on the satisfaction of certain performance criteria as more particularly described in the Issuer's proxy statement filed on April 2, 2021 with the Securities and Exchange Commission, and satisfaction of such performance criteria is currently measured by whether the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels. Based on satisfaction of the performance criteria, on September 1, 2021, 51,300 PSUs vested. The remaining PSUs remain eligible for vesting, tested on each trading day, until the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels.
F2 On May 4, 2020, the reporting person was granted an option to purchase up to 399,996 shares of common stock. The option vests on the satisfaction of certain performance criteria as more particularly described in the Issuer's proxy statement filed on April 2, 2021 with the Securities and Exchange Commission, and satisfaction of such performance criteria is currently measured by whether the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels. Based on satisfaction of the performance criteria, on September 1, 2021, 227,997 performance-based options vested. The remaining performance-based options remain eligible for vesting, tested on each trading day, until the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels.
F3 On May 1, 2017, the reporting person was granted an option to purchase up to 240,000 shares of common stock. The option vests on the satisfaction of certain performance criteria as more particularly described in the Issuer's proxy statement filed on April 2, 2021 with the Securities and Exchange Commission, and satisfaction of such performance criteria is currently measured by whether the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels. Based on satisfaction of the performance criteria, on September 1, 2021, 136,800 performance-based options vested. The remaining performance-based options remain eligible for vesting, tested on each trading day, until the volume-weighted average price of the Issuer's common stock for the preceding 30-trading days meets certain target levels.