Equinix (EQIX) grants 2,520 restricted stock units to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix, Inc. granted its Chief Accounting Officer, Miller Simon, 2,520 restricted stock units (RSUs) on February 6, 2026 at a price of $0 per unit. These RSUs represent potential shares of common stock if vesting conditions are met.
The award vests based on continued service: 16.67% of the RSUs vest on September 1, 2026, with an additional 16.67% vesting every six months thereafter until fully vested. The RSU award expires if the reporting person’s service with the company ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Simon
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,520 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 2,520 shares (Direct)
Footnotes (1)
- Vesting is dependent upon continuous active service as an employee or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 16.67% of the RSUs vesting on September 1, 2026 and an additional 16.67% of the RSUs vesting every 6 months thereafter until fully vested.. Restricted stock unit award expires upon reporting person's termination of service.
FAQ
What insider transaction did Equinix (EQIX) disclose for Miller Simon?
Equinix reported that Chief Accounting Officer Miller Simon received 2,520 restricted stock units on February 6, 2026. These RSUs are granted at $0 per unit and convert into common shares only as they vest over time, subject to continued employment.
How many Equinix (EQIX) restricted stock units were granted in this Form 4?
The transaction shows a grant of 2,520 restricted stock units to Equinix’s Chief Accounting Officer. All 2,520 derivative securities are directly owned and, if vested, correspond to 2,520 shares of Equinix common stock, aligning the executive’s compensation with shareholder value.
What is the vesting schedule for Miller Simon’s Equinix (EQIX) RSU award?
The RSUs vest 16.67% on September 1, 2026, then 16.67% every six months until fully vested. Vesting requires continuous active service with Equinix or a subsidiary during the entire vesting period, linking long-term compensation to ongoing employment.
What happens to the Equinix (EQIX) RSUs if the executive leaves the company?
The restricted stock unit award expires upon the reporting person’s termination of service. Any unvested RSUs are forfeited if employment or qualifying service with Equinix or its subsidiaries ends, limiting the benefit to those who remain with the company.
Are the Equinix (EQIX) RSUs in this Form 4 immediately exercisable or paid in cash?
The RSUs are not exercised for cash and are priced at $0 per unit. They represent a right to receive Equinix common stock as vesting milestones are met, rather than a traditional stock option with an exercise price.