Form 4: Rackspace Executive Brian Lillie Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Brian Lillie of Rackspace Technology, Inc. reports acquisition and disposal of common stock and restricted stock units.
Summary
- On April 5, 2024, Brian Lillie, EVP and President Private Cloud at Rackspace Technology, Inc., reported changes in beneficial ownership of the company's stock.
- Lillie acquired 519,480 shares of common stock through a grant of restricted stock units (RSUs) vesting quarterly over three years.
- Each RSU represents the right to receive one share of common stock at settlement.
- Lillie also reported owning 2,045,167 shares of common stock following the reported transactions.
- Additionally, Lillie acquired 500 shares of common stock on May 16, 2034, through the Employee Stock Purchase Plan (ESPP).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reflects routine transactions related to executive compensation.
Positives
- The acquisition of shares through RSUs indicates confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction involving common stock and RSUs. |
| 05/16/2034 | Date of common stock acquisition through ESPP. |
| 05/20/2024 | Date of signature on the report. |
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