Rackspace discloses CEO Maletira separation terms: $3.375M cash, equity acceleration

Rackspace Technology, Inc.

Severance: 18 months base salary + target bonus = $3.375M paid over 18 months.
Pro-rata 2025 annual bonus at actual performance, paid by March 15, 2026.
Lump-sum COBRA premium payment for 18 months plus associated taxes.
All outstanding unvested RSUs and PSUs (at target) fully vested; 1.49M RSUs from April 2025 grant.
P-Cash Awards vest at actual (FY2025) or target (later periods); payments extend into 2026.

item 5.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.