Equinix (EQIX) director Yanbing Li receives grant of 241 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Li Yanbing reported acquisition or exercise transactions in this Form 4 filing.
Equinix Inc. director Yanbing Li 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 calendar year after the grant if Li does not stand for re-election, as long as continuous service is maintained. The award expires upon termination of service, and Li directly holds 241 RSUs following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Li Yanbing
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
Exercise price: $0.00 per unit
Underlying shares: 241 shares
+2 more
5 metrics
RSUs granted
241 units
Restricted Stock Unit grant to director on May 13, 2026
Exercise price
$0.00 per unit
RSUs granted with no purchase price
Underlying shares
241 shares
Common stock underlying the RSU award
Post-grant RSU holdings
241 units
Total Restricted Stock Units held after the transaction
Vesting date
May 13, 2027
Latest possible vesting date, subject to earlier stockholder meeting
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 Yanbing Li report in this Form 4?
Yanbing Li reported receiving a grant of 241 Restricted Stock Units from Equinix. Each RSU represents one share of common stock, increasing Li’s direct derivative holdings tied to Equinix equity subject to future vesting conditions and continued board service requirements.
How many Equinix (EQIX) Restricted Stock Units were granted to Yanbing Li?
The filing shows a grant of 241 Restricted Stock Units to director Yanbing Li. Each RSU is tied to one share of Equinix common stock, with vesting and service conditions determining when the underlying shares are ultimately delivered.
When do Yanbing Li’s Equinix (EQIX) RSUs vest?
The RSUs vest on the earlier of May 13, 2027 or the date of the regular stockholder meeting held in the calendar year after the grant, if Li does not stand for re-election, provided continuous service is maintained through the applicable vesting date.
What happens to Yanbing Li’s Equinix (EQIX) RSUs if service ends?
The filing states that the restricted stock unit award expires upon Yanbing Li’s termination of service. This means unvested RSUs are forfeited if service as a director ends before the vesting conditions and dates are satisfied.
How many Equinix (EQIX) RSUs does Yanbing Li hold after this transaction?
After this grant, Yanbing Li holds 241 Restricted Stock Units directly. The Form 4 shows this as the total derivative position following the reported award, with no additional derivative holdings listed in this filing excerpt.