Equinix (NASDAQ: EQIX) CAO sells 289 shares, exercises 287 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix Inc.'s Chief Accounting Officer Simon Miller reported routine equity compensation activity and a small stock sale. On March 11, 2026, he received and immediately exercised 287 restricted stock units into 287 shares of common stock at a conversion price of $0.00 per share.
On March 12, 2026, Miller executed open-market sales totaling 289 shares of Equinix common stock at weighted average prices ranging from approximately $957.55 to $969.80 per share, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he held 7,614.559 shares directly, indicating only a small portion of his holdings was sold.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 289 shares ($279,096)
Net Sell
14 txns
Insider
Miller Simon
Role
Chief Accounting Officer
Sold
289 shs ($279K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8 | $958.0048 | $8K |
| Sale | Common Stock | 14 | $959.004 | $13K |
| Sale | Common Stock | 10 | $960.1291 | $10K |
| Sale | Common Stock | 23 | $961.1728 | $22K |
| Sale | Common Stock | 19 | $962.5967 | $18K |
| Sale | Common Stock | 8 | $963.7176 | $8K |
| Sale | Common Stock | 19 | $965.3438 | $18K |
| Sale | Common Stock | 18 | $966.1606 | $17K |
| Sale | Common Stock | 85 | $967.4416 | $82K |
| Sale | Common Stock | 52 | $968.2977 | $50K |
| Sale | Common Stock | 33 | $969.1412 | $32K |
| Grant/Award | Restricted Stock Unit | 287 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 287 | $0.00 | -- |
| Exercise | Common Stock | 287 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,895.559 shares (Direct);
Restricted Stock Unit — 287 shares (Direct)
Footnotes (1)
- Shares sold pursuant to a 10b5-1 Trading Plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $957.55 to $958.48, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 through 12 to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $958.59 to $959.455 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $959.625 to $960.4200 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.875 to $961.59 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.13 to $963.00 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.395 to $964.00 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $964.71 to $965.70 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $965.78 to $966.74 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $966.805 to $967.78 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.84 to $968.77 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.87 to $969.80 inclusive. Under the 2025 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 11, 2026 as reported in this Form 4. Restricted stock unit award expires upon reporting person's termination of service.
FAQ
What insider transactions did Equinix (EQIX) CAO Simon Miller report?
Simon Miller reported exercising 287 restricted stock units into 287 Equinix common shares on March 11, 2026, then selling 289 common shares in open-market transactions on March 12, 2026. These trades were reported on a Form 4 insider filing.
Were Simon Miller’s Equinix (EQIX) stock sales made under a 10b5-1 plan?
Yes. A Form 4 footnote states the Equinix Chief Accounting Officer’s share sales were made pursuant to a Rule 10b5-1 trading plan. Such pre-arranged plans schedule trades in advance, reducing the significance of day-to-day market timing decisions.
What equity award did Equinix (EQIX) grant its CAO in March 2026?
Under the 2025 Annual Incentive Plan, Equinix granted Simon Miller 287 fully vested restricted stock units on March 11, 2026. A footnote explains the Compensation Committee determined performance criteria were attained, resulting in 100% of the award being granted.
What is the nature of the restricted stock units reported by Equinix (EQIX) CAO?
The 287 restricted stock units were granted as a fully vested bonus under Equinix’s 2025 Annual Incentive Plan. A footnote indicates the award was tied to performance criteria and that restricted stock unit awards expire upon the reporting person’s termination of service.