Form 4: Rackspace Executive Brian Lillie Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
EVP Brian Lillie of Rackspace Technology, Inc. reports disposing of shares to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On March 16, 2024, Brian Lillie, EVP, President Private Cloud at Rackspace Technology, Inc., reported a transaction involving common stock.
- Lillie disposed of 83,071 shares of common stock at a price of $1.59 per share to cover withholding tax liability.
- Following the transaction, Lillie directly owns 1,525,187 shares of Rackspace Technology, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It doesn't necessarily reflect a broader trend in the cloud computing industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of transaction: disposal of shares to cover tax obligations. |
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