BENJAMIN JEFFREY D 4
4 · Rackspace Technology, Inc. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Rackspace (RXT) Director Benjamin D. Jeffrey Receives RSU Award
What Happened
Benjamin D. Jeffrey, a director of Rackspace Technology, received a grant of 71,156 restricted stock units (RSUs) on June 18, 2026. The RSUs were awarded at $0.00 per unit (grant value recorded as $0 at issuance) and represent the right to one share of Rackspace common stock per RSU upon vesting. This is an award/grant (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-06-18; reported on Form 4 filed 2026-06-22 (filing appears timely).
- Transaction type/code: A = Award/Grant. Price at grant: $0.00; aggregate dollar amount shown: $0.
- Number of RSUs granted: 71,156.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnote: Grant made under the issuer’s Non‑Employee Director Compensation Policy and is exempt under Section 16(b)-3. Vesting occurs on the earlier of (a) the next annual meeting of stockholders after the grant or (b) the one‑year anniversary of the grant, provided the director remains on the board through the vesting date.
Context
RSUs are a common form of director compensation and convert to shares upon vesting; they do not require the director to pay cash at grant. Such awards are routine for non‑employee directors and do not, by themselves, indicate a buy or sell sentiment. The ultimate value to the director will depend on Rackspace’s share price at the time the RSUs vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-18+71,156→ 636,318 total
Footnotes (1)
- [F1]Represents a grant of restricted stock units ("RSUs") under the Non-Employee Director Compensation Policy of the Issuer in a transaction exempt under Section 16b-3. Each RSU represents the right to receive one share of common stock of Rackspace Technology, Inc. upon vesting. The shares underlying the RSUs will vest on the earlier of (a) the next subsequent annual meeting of stockholders following the grant date or (b) the one year anniversary of the grant date, subject to the reporting person remaining a member of the Issuer's board of directors through such date.