Equinix (EQIX) director Sandra Rivera receives grant of 241 Restricted Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rivera Sandra L reported acquisition or exercise transactions in this Form 4 filing.
Equinix Inc. director Sandra L. Rivera received a grant of 241 Restricted Stock Units, each representing one share of common stock. The award was granted at no cost and brings her directly held RSU balance to 241 units.
The RSUs will vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting in the calendar year after the grant, as long as she remains in continuous service. The award expires upon her termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rivera Sandra L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 241 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 241 shares (Direct, null)
Footnotes (1)
- The Restricted Stock Units shall vest on the earlier of (i) May 13, 2027 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.
Key Figures
RSUs granted: 241 units
Grant price: $0.0000 per unit
Underlying shares: 241 shares
+2 more
5 metrics
RSUs granted
241 units
Restricted Stock Units granted May 13, 2026
Grant price
$0.0000 per unit
Compensation grant, no purchase price
Underlying shares
241 shares
Common stock underlying the RSUs
Holdings after grant
241 RSUs
Total directly held derivative securities after transaction
Earliest vesting date
May 13, 2027
RSUs vest on earlier of this date or specified stockholder meeting
Key Terms
Restricted Stock Unit, continuous Service, vesting date, termination of service
4 terms
Restricted Stock Unit financial
"The Restricted Stock Units shall vest on the earlier of (i) May 13, 2027..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
continuous Service financial
"...provided that, in either case, the reporting person remains in continuous Service through such vesting date."
vesting date financial
"...remains in continuous Service through such vesting date."
termination of service financial
"Restricted stock unit award expires upon reporting person's termination of service."
FAQ
What did Equinix (EQIX) director Sandra L. Rivera report on this Form 4?
Sandra L. Rivera reported receiving a grant of 241 Restricted Stock Units from Equinix. Each unit represents one share of common stock and was granted at no purchase price as part of her director compensation, increasing her directly held RSU position to 241 units.
How many Equinix (EQIX) Restricted Stock Units were granted to Sandra L. Rivera?
She was granted 241 Restricted Stock Units linked to Equinix common stock. Each unit corresponds to one share, and the grant is reflected as a derivative security with 241 underlying shares reported as directly owned following the transaction on May 13, 2026.
When do Sandra L. Rivera’s Equinix (EQIX) RSUs vest?
The RSUs vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting held in the calendar year after the grant. Vesting requires that she remain in continuous service as a director through the applicable vesting date.
What happens to Sandra L. Rivera’s Equinix (EQIX) RSUs if her service ends?
The restricted stock unit award expires upon her termination of service. This means if she ceases serving the company before the vesting date, the unvested RSUs terminate and she would not receive the related Equinix common shares.
How is the Equinix (EQIX) RSU grant to Sandra L. Rivera categorized on the Form 4?
The transaction is coded “A,” indicating a grant, award, or other acquisition of a derivative security. It is described as a grant or award acquisition of Restricted Stock Units, with 241 underlying shares of Equinix common stock directly owned after the transaction.