Mark A. Marino - 24 Jan 2023 Form 4 Insider Report for Rackspace Technology, Inc. (RXT)

Role
Vice President & CAO
Signature
/s/ Sarah Alexander, by power of attorney from Mark Marino
Issuer symbol
RXT
Transactions as of
24 Jan 2023
Net transactions value
-$2,250
Form type
4
Filing time
08 Aug 2023, 17:45:38 UTC
Previous filing
04 Jan 2023
Next filing
20 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXT Common Stock Award +84,166 +47% 264,971 24 Jan 2023 Direct F1
transaction RXT Common Stock Tax liability $2,250 -1,103 -0.42% $2.04 262,950 05 Aug 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units ("RSUs") vesting in equal annual installments on the first, second and third anniversaries of the grant date. Each RSU represents the right to receive, at settlement, one share of common stock.
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.
F3 Includes the acquisition of shares of common stock pursuant to the Issuer's Employee Stock Purchase Plan (ESPP) in transactions exempt under Rule 16b-3(c).