Form 4: Rackspace Executive Kellie Teal-Guess Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Kellie Teal-Guess, Chief Human Resources Officer at Rackspace Technology, Inc., disposed of 14,054 shares of common stock on September 1, 2024, to cover withholding tax liabilities related to vesting restricted stock units.
Summary
- On September 1, 2024, Kellie Teal-Guess, the Chief Human Resources Officer of Rackspace Technology, Inc., reported a transaction involving the disposal of 14,054 shares of common stock.
- The shares were disposed of to cover withholding tax liabilities associated with the vesting of restricted stock units.
- The transaction was executed at a price of $2.3 per share.
- Following the transaction, Teal-Guess directly owns 895,721 shares of Rackspace Technology, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock disposal transaction. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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