Equifax (EFX) director adds 156 phantom stock units as deferred pay

Rhea-AI Filing Summary

Equifax Inc. director reports additional deferred stock-based compensation. A board member of Equifax Inc. (EFX), filing as a director and sole reporting person, recorded an acquisition of 156 phantom stock units on 12/31/2025 under the company’s Board of Directors Deferred Compensation Plan. Each phantom stock unit is the economic equivalent of one share of Equifax common stock and represents fees that the director elected to receive in stock-based form instead of cash annual retainer payments. After this transaction, the director beneficially owns 2,284 phantom stock units held directly. These units are payable, at the director’s election, upon termination of service as a director, meaning the value tracks Equifax’s stock until that time but does not involve immediate cash or share delivery.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MARCUS ROBERT D

(Last) (First) (Middle)

1550 PEACHTREE STREET, N.W.

(Street)

ATLANTA GA 30309

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EQUIFAX INC [ EFX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	12/31/2025		A		156		(1)	(1)	Common Stock	156	$216.98	2,284	D

Explanation of Responses:

1. Represents phantom stock units previously elected by the reporting person to be received as deferred compensation in lieu of annual cash retainer fees under the Company's Board of Directors Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, at the election of the reporting person, upon the reporting person's termination of service as a director.

	/s/Lisa Stockard as Attorney-in-Fact	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Equifax (EFX) disclose in this filing?

The filing shows an Equifax director acquired 156 phantom stock units on 12/31/2025 as deferred compensation under the Board of Directors Deferred Compensation Plan.

How many Equifax phantom stock units does the director own after this transaction?

Following the reported transaction, the director beneficially owns 2,284 phantom stock units, held in a direct ownership form.

What are Equifax phantom stock units in this context?

The phantom stock units are described as the economic equivalent of one share of common stock, tracking Equifax’s share value but recorded as deferred compensation rather than current share delivery.

Why did the Equifax director receive phantom stock units instead of cash?

The units represent amounts the director previously elected to receive as deferred compensation in lieu of annual cash retainer fees under Equifax’s Board of Directors Deferred Compensation Plan.

When do the Equifax phantom stock units become payable to the director?

The filing explains that the phantom stock units become payable, at the director’s election, upon termination of service as a director.

Does this Equifax director transaction indicate a 10b5-1 trading plan?

The form includes a checkbox to indicate transactions made pursuant to a Rule 10b5-1(c) trading plan, but the provided excerpt does not show that box as checked.