Rackspace Technology granted 4,000,000 RSUs and 6,000,000 stock options to new CEO Gajen Kandiah, with a ten-year term and vesting over four years. The awards were approved by independent board members as an inducement for Mr. Kandiah’s employment. Rackspace Technology is a global provider of hybrid cloud and AI solutions, partnering with customers to modernize applications and adopt innovative technologies.

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Read more at GlobeNewswire: Rackspace Technology Reports Inducement Grants Under Nasdaq