Equinix (EQIX) Executive Chairman corrects Form 4 after RSU vesting
Rhea-AI Filing Summary
Equinix Inc. insider filing shows an amended Form 4 for the company’s Executive Chairman and director. On January 15, 2025, 1,075 shares of common stock were acquired at $0 upon the vesting and settlement of restricted stock units (transaction code M), bringing directly held common stock to 21,021 shares.
The related restricted stock unit award vests in three equal installments of 33.33% each on January 15, 2025, January 15, 2026, and January 15, 2027, subject to continued service, and expires upon termination of service. Following this vesting, 2,150 restricted stock units remain beneficially owned. The amendment states it is filed solely to correct an inadvertent administrative error in the previously reported number of derivative securities beneficially owned.
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FAQ
What insider transaction did Equinix (EQIX) report in this amended Form 4?
The filing reports that on January 15, 2025, the Executive Chairman acquired 1,075 shares of Equinix common stock at $0 per share through the vesting and settlement of restricted stock units (transaction code M).
Why was this Equinix (EQIX) Form 4/A filed as an amendment?
The document states it is being filed solely to correct an inadvertent error in Column 9, line 5 of Table II of the original filing concerning the number of derivative securities beneficially owned after the reported vesting transaction.
How many Equinix (EQIX) common shares does the reporting person hold after the transaction?
After the January 15, 2025 transaction, the reporting person beneficially owns 21,021 shares of Equinix common stock in direct ownership, as shown in Table I.
What is the vesting schedule for the Equinix (EQIX) restricted stock units in this filing?
The restricted stock units vest based on continued service, with 33.33% vesting on January 15, 2025, and an additional 33.33% vesting on each of January 15, 2026 and January 15, 2027.
How many Equinix (EQIX) restricted stock units remain after the reported vesting?
Following the January 15, 2025 vesting transaction, the filing shows 2,150 restricted stock units beneficially owned by the reporting person in Table II.
What happens to the Equinix (EQIX) restricted stock unit award if service ends?
The footnotes explain that the restricted stock unit award expires upon the reporting person's termination of service with Equinix or its subsidiaries.
What is the reporting person’s role at Equinix (EQIX) in this Form 4/A?
The reporting person is identified as a Director and Executive Chairman of Equinix Inc., and the form is filed for one reporting person.