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Equinix (EQIX) director converts 302 restricted stock units into common shares

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

Rhea-AI Filing Summary

Equinix Inc. director Thomas S. Olinger exercised restricted stock units into common shares. On May 21, 2026, 302 restricted stock units converted into 302 shares of Equinix common stock at a stated price of $0.00 per share. Following this compensation-related exercise, Olinger directly holds 1,116 common shares, and no shares were sold in this filing.

Positive

  • None.

Negative

  • None.
Insider Olinger Thomas S
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 302 $0.00 --
Exercise Common Stock 302 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 1,116 shares (Direct, null)
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 shares Restricted stock units converted to common stock on May 21, 2026
Common shares received 302 shares Common stock acquired via RSU conversion at $0.00 per share
Shares held after transaction 1,116 shares Direct common stock ownership following the RSU exercise
Exercise price per RSU $0.00 per share Stated conversion price for restricted stock units
Total derivative exercises 302 shares ExerciseShares in transaction summary for this Form 4
Restricted Stock Units financial
"The filing shows 302 Restricted Stock Units as derivative securities converting into common stock."
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 security financial
"The transaction code description states an exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"The Restricted Stock Units shall vest on the earlier of May 21, 2026 or a specified stockholder meeting date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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*
Olinger Thomas S
(Last)(First)(Middle)
C/O EQUINIX INC.
ONE L
(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$01,116D
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 insider transaction did Equinix (EQIX) director Thomas S. Olinger report?

Thomas S. Olinger reported exercising 302 restricted stock units into 302 Equinix common shares. This Form 4 shows a derivative exercise, not an open-market purchase or sale, and reflects routine equity compensation converting into directly held stock.

How many Equinix (EQIX) shares does Thomas S. Olinger hold after this Form 4?

After the reported transactions, Thomas S. Olinger directly holds 1,116 shares of Equinix common stock. This figure comes from the post-transaction ownership field and reflects his updated direct position following the 302-share restricted stock unit conversion.

Were any Equinix (EQIX) shares sold in Thomas S. Olinger’s recent Form 4?

No shares were sold in this Form 4. The only activity was the exercise and conversion of 302 restricted stock units into 302 Equinix common shares, recorded as derivative exercises, with no open-market sale or tax-withholding disposition reported.

What type of security did Thomas S. Olinger convert into Equinix (EQIX) common stock?

Olinger converted restricted stock units into common stock. The filing shows 302 restricted stock units as derivative securities that were exercised and converted into 302 Equinix common shares at a stated price of $0.00 per share, typical for equity compensation awards.

How many restricted stock units did Equinix (EQIX) director Olinger exercise?

Olinger exercised 302 restricted stock units. These units were reported as derivative securities and converted into 302 shares of Equinix common stock in a single transaction on May 21, 2026, with no remaining restricted stock units reported afterward in this filing.

What do the vesting footnotes in Thomas S. Olinger’s Equinix (EQIX) Form 4 explain?

The footnotes explain that the restricted stock units vest on the earlier of May 21, 2026 or a specified stockholder meeting date, provided he remains in continuous service, and that the award expires upon termination of service, clarifying the service-based vesting conditions.