Equinix (EQIX) director receives 241 Restricted Stock Units as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PAISLEY CHRISTOPHER B reported acquisition or exercise transactions in this Form 4 filing.
Equinix Inc. director Christopher B. Paisley received a grant of 241 Restricted Stock Units (RSUs), each representing one share of common stock. These RSUs vest on the earlier of May 13, 2027 or the date of the next regular stockholder meeting after the grant year, provided he remains in continuous service. Following this grant, he holds 241 RSUs directly, which will expire if his service with the company terminates before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PAISLEY CHRISTOPHER B
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 shares: 241 shares
Shares after transaction: 241 RSUs
+1 more
4 metrics
RSUs granted
241 units
Restricted Stock Unit grant to director on May 13, 2026
Underlying shares
241 shares
Common stock underlying the RSU award
Shares after transaction
241 RSUs
Total Restricted Stock Units held following the grant
Vesting date
May 13, 2027
Latest vesting date, subject to earlier stockholder meeting and service
Key Terms
Restricted Stock Unit, vesting date, continuous Service, termination of service
4 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.
vesting date financial
"...remains in continuous Service through such vesting date."
continuous Service financial
"...provided that, in either case, the reporting person remains in continuous Service..."
termination of service financial
"Restricted stock unit award expires upon reporting person's termination of service."
FAQ
What insider transaction did Equinix (EQIX) report for Christopher B. Paisley?
Equinix reported that director Christopher B. Paisley received a grant of 241 Restricted Stock Units. Each RSU represents one share of common stock, increasing his equity-based compensation position subject to future vesting conditions tied to continued service on the board.
How many Restricted Stock Units were granted to the Equinix (EQIX) director?
The director was granted 241 Restricted Stock Units. These units correspond to 241 underlying shares of Equinix common stock and represent additional equity compensation that will only convert into shares if the specified vesting conditions and service requirements are fully satisfied.
When do the newly granted Equinix (EQIX) RSUs vest for the director?
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. Vesting requires the director to remain in continuous service through the applicable vesting date under the award’s terms.
What happens to the Equinix (EQIX) RSU award if the director’s service ends?
The RSU award expires upon the director’s termination of service. If he leaves before the vesting date, the unvested Restricted Stock Units are forfeited and do not convert into Equinix common shares, limiting the award’s value to continued board service.
Is the Equinix (EQIX) RSU grant to the director an open-market purchase or sale?
No, the RSU grant is classified as a grant or award acquisition, not an open-market trade. The director did not buy or sell shares for cash; instead, he received equity compensation that may settle in shares if vesting requirements are later met.
How many Equinix (EQIX) RSUs does the director hold after this transaction?
After this transaction, the director holds 241 Restricted Stock Units directly. These units represent a potential future claim on 241 shares of Equinix common stock, contingent on satisfying the vesting schedule and continuous service conditions set out in the award agreement.