Form 4 for RXT Rackspace Technology, Inc.
Accepted 2021-09-03 00:00:00 ET · period of report 2021-09-01 · accession 0001810019-21-000162 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-09-03 | 2021-09-01 | RXT | Windham Holly B. | EVP, Chief Legal, People Off | A - Grant | $0.00 | +90.0K | 489.7K | +23% | $0 |
| DM | 2021-09-03 | 2021-09-01 | RXT | Windham Holly B. | EVP, Chief Legal, People Off | A - Grant | $0.00 | +640.0K | 400.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 | 2021-09-01 | A | A | 90,000 | $0.00 | 489,663 | D | — | — | (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. |
| 2 | Derivative | Employee Stock Option (right to buy) | 2021-09-01 | A | A | 240,000 | $0.00 | 240,000 | D | $8.33 · — to 2027-05-01 | 240,000 Common Stock, par value $0.01 | (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. |
| 3 | Derivative | Employee Stock Option (right to buy) | 2021-09-01 | A | A | 399,996 | $0.00 | 399,996 | D | $11.41 · — to 2030-05-04 | 399,996 Common Stock, par value $0.01 | (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. |