Form 4: Rackspace Technology Director Anthony C. Roberts Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Anthony C. Roberts of Rackspace Technology, Inc. reports disposing of shares to cover withholding tax obligations related to vesting restricted stock units.
Summary
- On June 14, 2024, Anthony C. Roberts, a director of Rackspace Technology, Inc. (RXT), disposed of 48,705 shares of common stock to satisfy withholding tax liability.
- The shares were disposed of at a price of $2.52 per share.
- Following the transaction, Roberts directly owns 142,475 shares of Rackspace Technology, Inc.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of share disposal transaction. |
| 07/12/2024 | Date of signature on the report. |
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