Equinix (EQIX) director Gary Hromadko awarded 241 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix Inc. director Gary Hromadko reported receiving a grant of 241 Restricted Stock Units, each representing one share of common stock. The RSUs were awarded at no cash exercise price and will vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting in the calendar year after the grant, if he does not stand for re-election, provided he remains in continuous service through that date. Following this grant, Hromadko holds 241 RSUs directly, and the award will expire upon his termination of service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HROMADKO GARY
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
Underlying common shares: 241 shares
Exercise price: $0.00 per unit
+2 more
5 metrics
RSUs granted
241 units
Restricted Stock Unit grant on May 13, 2026
Underlying common shares
241 shares
Each RSU represents one share of common stock
Exercise price
$0.00 per unit
Conversion or exercise price for the RSUs
Holdings after grant
241 RSUs
Total Restricted Stock Units following the transaction
Vesting date alternative
May 13, 2027
Latest possible vesting date if service continues
Key Terms
Restricted Stock Unit, continuous Service, termination of service
3 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."
termination of service financial
"Restricted stock unit award expires upon reporting person's termination of service."
FAQ
What insider transaction did Equinix (EQIX) director Gary Hromadko report?
Gary Hromadko reported receiving a grant of 241 Restricted Stock Units from Equinix. Each unit represents one share of common stock, awarded with no cash exercise price, and is subject to specified vesting conditions tied to his future service as a director.
When do Gary Hromadko’s new Equinix (EQIX) RSUs vest?
The 241 Restricted Stock Units vest on the earlier of May 13, 2027 or the date of Equinix’s regular stockholder meeting in the calendar year after the grant, if he does not stand for re-election, assuming he remains in continuous service until that vesting date.
What service conditions apply to Gary Hromadko’s Equinix (EQIX) RSU award?
The RSU award requires Gary Hromadko to remain in continuous service as a director through the applicable vesting date. If his service terminates before vesting, the award expires, meaning the unvested Restricted Stock Units are forfeited and do not convert into common shares.
How many Restricted Stock Units does Gary Hromadko hold after this Equinix (EQIX) filing?
After this grant, Gary Hromadko holds 241 Restricted Stock Units directly. These RSUs each represent one share of Equinix common stock, subject to the stated vesting schedule and service conditions, and will expire if his service as a director ends before they vest.
Does Gary Hromadko’s Equinix (EQIX) RSU grant involve an exercise price?
The reported Restricted Stock Unit grant shows an exercise or conversion price of zero. RSUs typically convert into common shares upon vesting without a cash exercise payment, aligning the director’s compensation with the company’s share performance over the vesting period.