Director Thomas Olinger receives new RSU grant at Equinix (EQIX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olinger Thomas S reported acquisition or exercise transactions in this Form 4 filing.
Equinix Inc director Thomas S. Olinger received a grant of 241 Restricted Stock Units, each representing one share of common stock. These RSUs vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting in the following year, provided he remains in continuous service. After this award, he holds 241 RSUs directly, and the award will expire if his service terminates before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Olinger Thomas S
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
Grant price per RSU: $0.00 per unit
RSUs outstanding after grant: 241 units
3 metrics
RSUs granted
241 units
Restricted Stock Unit award to director on May 13, 2026
Grant price per RSU
$0.00 per unit
Compensation award, not a market purchase
RSUs outstanding after grant
241 units
Total Restricted Stock Units held directly after this award
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 did Equinix (EQIX) director Thomas Olinger report on this Form 4?
Thomas Olinger reported receiving 241 Restricted Stock Units as a compensation award. Each unit represents one share of Equinix common stock, subject to vesting conditions tied to his continued service as a director over time.
How many Restricted Stock Units did Thomas Olinger receive from Equinix (EQIX)?
He received 241 Restricted Stock Units in this award. These units were granted at no purchase price and increase his direct derivative holdings to 241 RSUs, all subject to specific vesting and service requirements described in the filing footnotes.
When do Thomas Olinger’s Equinix (EQIX) RSUs vest?
The RSUs vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting in the calendar year after the grant. Vesting requires that he remain in continuous service as a director through that vesting date under the plan terms.
Are Thomas Olinger’s new Equinix (EQIX) RSUs immediately exercisable?
No, the RSUs are subject to vesting conditions before converting into common shares. They vest only if Olinger continues serving as a director until the specified vesting date; otherwise, the award can expire upon his termination of service with the company.
What happens to Thomas Olinger’s Equinix (EQIX) RSUs if his service ends early?
The award is structured to expire upon his termination of service. If he leaves the Equinix board before the vesting date, any unvested Restricted Stock Units under this grant would terminate, consistent with the terms described in the filing footnotes.