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Director at Equinix (NASDAQ: EQIX) converts 302 RSUs into common stock

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Equinix director Christopher B. Paisley reported a routine equity transaction. A grant of 302 Restricted Stock Units was exercised, converting into 302 shares of Equinix common stock at $0.00 per share. These shares are held indirectly through the Paisley Family Trust, which now holds 17,859 shares. Separate trusts for a son and a brother report indirect holdings of 318 and 209 shares of common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting converts 302 units into Equinix common shares with modest impact on overall holdings.

Director Christopher B. Paisley exercised 302 Restricted Stock Units, which converted into an equal number of Equinix common shares at $0.00 per share. The newly issued shares are reported as indirectly owned through the Paisley Family Trust.

Following the exercise, the trust holds 17,859 shares of common stock, indicating this transaction represents a small addition to an existing position. Additional indirect holdings include 318 shares in a trust for a son and 209 shares in a trust for a brother.

Footnotes describe RSU terms, including vesting on the earlier of May 21, 2026 or a subsequent stockholder meeting, subject to continuous service, and expiration upon termination of service. These details underscore that the award is part of standard director compensation rather than discretionary trading.

Insider PAISLEY CHRISTOPHER B
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 302 $0.00 --
Exercise Common Stock 302 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 17,859 shares (Indirect, Paisley Family Trust)
Footnotes (1)
  1. The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026 or (ii) if the reporting person does not stand for re-election as a director of the Company, the date of the regular meeting of the Company's stockholders held in the calendar year subsequent to the grant date; provided that, in either case, the reporting person remains in continuous Service through such vesting date. Restricted stock unit award expires upon reporting person's termination of service.
RSUs exercised 302 units Restricted Stock Units converted to common stock
Shares from RSU conversion 302 shares Common stock received at $0.00 per share
Paisley Family Trust holdings 17,859 shares Indirect common stock ownership after RSU exercise
Trust for son holdings 318 shares Indirect common stock ownership by trust for son
Trust for brother holdings 209 shares Indirect common stock ownership by trust for brother
Exercise transactions 1 derivative exercise TransactionSummary exerciseCount for RSU conversion
Exercise shares total 302 shares TransactionSummary exerciseShares
Restricted Stock Units financial
"The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Paisley Family Trust financial
"nature_of_ownership: Paisley Family Trust"
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: By Trust for Son"
termination of service financial
"Restricted stock unit award expires upon reporting person's termination of service."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
PAISLEY CHRISTOPHER B
(Last)(First)(Middle)
ONE LAGOON DRIVE
(Street)
REDWOOD CITY CALIFORNIA 94065
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EQUINIX INC [ EQIX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/21/2026M302A$017,859IPaisley Family Trust
Common Stock209IBy Trust for Brother
Common Stock318IBy Trust for Son
Common Stock318IBy Trust for Son
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$005/21/2026M302 (1) (2)Common Stock302$00D
Explanation of Responses:
1. The Restricted Stock Units shall vest on the earlier of (i) May 21, 2026 or (ii) if the reporting person does not stand for re-election as a director of the Company, the date of the regular meeting of the Company's stockholders held in the calendar year subsequent to the grant date; provided that, in either case, the reporting person remains in continuous Service through such vesting date.
2. Restricted stock unit award expires upon reporting person's termination of service.
/s/ Samantha Lagocki, POA05/21/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Equinix (EQIX) director Christopher Paisley report in this Form 4?

Director Christopher B. Paisley reported exercising 302 Restricted Stock Units that converted into 302 shares of Equinix common stock at $0.00 per share. The resulting shares are indirectly owned through the Paisley Family Trust, reflecting routine equity compensation rather than an open-market trade.

How many Equinix (EQIX) shares does the Paisley Family Trust hold after the RSU exercise?

After the RSU exercise, the Paisley Family Trust holds 17,859 shares of Equinix common stock. These shares are reported as indirectly owned by director Christopher B. Paisley, showing a modest increase from the 302 newly converted shares added to an already established position.

Were there any open-market buys or sells in this Equinix (EQIX) Form 4?

No open-market purchases or sales were reported. The filing shows a derivative exercise of 302 Restricted Stock Units converting into common stock and several holding entries for existing indirect positions, without any transactions flagged as buys or sells in the summary data.

What other indirect Equinix (EQIX) holdings are disclosed for Christopher Paisley?

In addition to the Paisley Family Trust, the filing reports 318 Equinix common shares held by a trust for his son and 209 shares held by a trust for his brother. These positions are classified as indirect ownership, reflecting family-related trust structures rather than direct personal holdings.

How do the RSU terms for Equinix (EQIX) director awards work in this filing?

The footnotes state that the Restricted Stock Units vest on the earlier of May 21, 2026, or the next regular stockholder meeting after the grant year, assuming continuous service. They also indicate that the RSU award expires upon the reporting person’s termination of service with the company.