secwatch.observer — SEC 8-K summary
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Issuer:     Rackspace Technology, Inc. (RXT)
CIK:        0001810019
Form:       8-K/A
Filed at:   2025-09-11T23:59:59+00:00
Accession:  0001810019-25-000138
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1810019/000181001925000138/0001810019-25-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1810019/000181001925000138/rxt-20250830.htm
  HTML page:      https://secwatch.observer/filing/0001810019-25-000138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer