Form 4: Rackspace Executive Brian Lillie Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
EVP and President of Private Cloud at Rackspace Technology, Brian Lillie, disposed of shares to cover withholding tax liabilities related to vesting restricted stock units.
Summary
- On September 1, 2024, Brian Lillie, EVP and President of Private Cloud at Rackspace Technology, disposed of 37,879 shares of common stock to cover withholding tax liabilities.
- The transaction was exempt under Rule 16b-3.
- The price per share was $2.3.
- Following the transaction, Lillie directly owns 2,007,288 shares of Rackspace Technology.
- The transaction was reported on September 5, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: Brian Lillie disposed of shares to cover tax obligations. |
| 09/05/2024 | Date of report filing. |
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