Equinix director exercises 302 RSUs into shares
Equinix Inc. director Thomas S. Olinger exercised restricted stock units into common shares.
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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.
Insider Trade Summary
302 shares exercised/converted
Exercise
2 txns
Insider
Olinger Thomas S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 302 | $0.00 | $0.00 |
| Exercise | Common Stock | 302 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 1,116 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Restricted stock unit award expires upon reporting person's termination of service.
Key Figures
RSUs exercised: 302 shares
Common shares received: 302 shares
Shares held after transaction: 1,116 shares
+2 more
5 metrics
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
Key Terms
Restricted Stock Units, derivative security, vest, termination of service
4 terms
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
