SAN ANTONIO, TX--(Marketwired - May 20, 2016) - Rackspace® (NYSE: RAX) today reported that an aggregate of 76,281 of the company's common stock in the form of restricted stock units were granted to 16 new non-executive officer employees on May 13, 2016. The units were granted in accordance with NYSE Listing Rule 303A.08 under the Rackspace Inducement Equity Incentive Plan (the "Inducement Plan") as a material inducement to employees entering into employment with the company. The units are subject to the terms and conditions of the Inducement Plan and applicable restricted stock unit agreement, which may include vesting requirements.
About Rackspace
Rackspace (NYSE: RAX), the #1 managed cloud company, helps businesses tap the power of cloud computing without the complexity and cost of managing it on their own. Rackspace engineers deliver specialized expertise, easy-to-use tools, and Fanatical Support
Investor Relations:
Jessica Drought
210-312-4191
jessica.drought@rackspace.com
Media Contact:
Brandon Brunson
210.312.1357
brandon.brunson@rackspace.com