EFX Form 4: Director Marcus Received 132 Deferred Phantom Shares

Rhea-AI Filing Summary

Director Marcus Robert D. reported on Form 4 that on 09/30/2025 he was issued 132 phantom stock units under Equifax Inc.'s deferred compensation plan in lieu of his annual cash retainer. Each phantom unit is the economic equivalent of one share of common stock and is valued in the filing at $256.53 per share. Following the award, the reporting person beneficially owns 2,127 shares directly. The filing states the phantom units become payable, at the director's election, upon termination of his board service.

Positive

• 132 phantom stock units issued to director as deferred compensation on 09/30/2025
• Phantom units are the economic equivalent of one share each at $256.53, aligning director compensation with company share value

Negative

• None.

Insights

Corporate Governance Analyst

Director deferred compensation: 132 phantom units issued on 09/30/2025.

The Form 4 shows a non-cash compensation election where the director received 132 phantom stock units instead of cash retainer fees, each tied to the economic value of one common share at $256.53. This is a routine board compensation mechanism and does not represent an open-market purchase or sale of shares.

The units are payable upon the director's termination of service, so there is no immediate change to share voting or transferability; the filing reports 2,127 shares beneficially owned following the issuance.

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
Estimated average burden
hours per response:			0.5

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

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)
09/30/2025

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)	09/30/2025		A		132		(1)	(1)	Common Stock	132	$256.53	2,127	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	10/02/2025
	** 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 did the Form 4 filed for EFX report on 09/30/2025?

It reported the issuance of 132 phantom stock units to director Marcus Robert D. as deferred compensation.

How much were the phantom stock units valued at in the filing?

The filing lists the per-unit value as $256.53.

How many shares does the reporting person beneficially own after the transaction?

The reporting person beneficially owns 2,127 shares following the reported transaction.

When are the phantom stock units payable?

The phantom stock units become payable, at the reporting person's election, upon termination of his service as a director.

Does this Form 4 show an open-market trade?

No. The Form 4 records a deferred compensation issuance of phantom units, not an open-market purchase or sale of common stock.