Equinix (EQIX) legal chief sells 823 shares and gains new RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix Inc. Chief Legal Officer Kurt Pletcher reported a mix of stock sales and equity awards. On February 18, 2026, he executed multiple open-market sales totaling 823 shares of common stock at prices generally in the low- to mid-$900 range, under a Rule 10b5-1 trading plan to raise funds for required withholding taxes tied to restricted stock unit (RSU) vesting.
On February 17, 2026, Pletcher acquired common shares through exercises/conversions of several RSU awards and received a new grant of 2,523 performance-based RSUs that vest in tranches from 2026 through 2028, subject to continued service and previously certified performance targets. A separate footnote also notes the acquisition of 32.243 shares under the employee stock purchase plan on February 13, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 823 shares ($774,048)
Net Sell
18 txns
Insider
Pletcher Kurt
Role
Chief Legal Officer
Sold
823 shs ($774K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30 | $932.9444 | $28K |
| Sale | Common Stock | 60 | $934.4514 | $56K |
| Sale | Common Stock | 6 | $935.395 | $6K |
| Sale | Common Stock | 102 | $937.7856 | $96K |
| Sale | Common Stock | 81 | $938.8585 | $76K |
| Sale | Common Stock | 123 | $940.1241 | $116K |
| Sale | Common Stock | 163 | $941.0378 | $153K |
| Sale | Common Stock | 109 | $942.0449 | $103K |
| Sale | Common Stock | 30 | $943.465 | $28K |
| Sale | Common Stock | 54 | $944.963 | $51K |
| Sale | Common Stock | 65 | $948.30 | $62K |
| Exercise | Restricted Stock Units | 229 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 389 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 2,523 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,262 | $0.00 | -- |
| Exercise | Common Stock | 229 | $0.00 | -- |
| Exercise | Common Stock | 389 | $0.00 | -- |
| Exercise | Common Stock | 1,262 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,077.705 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Restricted Stock Unit — 388 shares (Direct)
Footnotes (1)
- 32.243 shares acquired under the Equinix, Inc. Employee Stock Purchase Plan on February 13, 2026. Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $932.32 to $933.10, inclusive. The reporting person undertakes to provide to, 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 4 through 11 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 $934.205 to $934.66 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $937.12 to $938.06 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $938.36 to $939.25 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $939.49 to $940.485 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $940.535 to $941.43 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $941.73 to $942.6825 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $942.895 to $943.81 inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $944.69 to $945.29 inclusive. On February 14, 2023, the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2023. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 12, 2024, 25% will vest on February 15, 2025 and the remaining 25% will vest on February 15, 2026, subject solely to continued service. Restricted stock unit award expires upon reporting person's termination of service. On March 7, 2024 the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2024. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2025, 25% will vest on February 15, 2026 and the remaining 25% will vest on February 15, 2027, subject solely to continued service. On March 11, 2025 the reporting person was granted performance restricted stock units, the vesting of which was subject to both continued service and the attainment of certain AFFO, Revenue and EBITDA targets for 2025. The Compensation Committee certified the degree to which the targets were achieved, therefore 50% of the award vested on February 15, 2026, 25% will vest on February 15, 2027 and the remaining 25% will vest on February 15, 2028, subject solely to continued service.
FAQ
What did Equinix (EQIX) insider Kurt Pletcher report on this Form 4?
Kurt Pletcher, Equinix’s Chief Legal Officer, reported both stock sales and equity awards. He sold 823 common shares and also acquired shares and restricted stock units through RSU vesting, performance-based awards, and the employee stock purchase plan.
What new restricted stock units did Kurt Pletcher receive from Equinix (EQIX)?
Pletcher received a grant of 2,523 performance restricted stock units on March 11, 2025, now reflected in the Form 4. These RSUs vest 50% in 2026, then 25% in 2027 and 25% in 2028, contingent on continued service and previously certified 2025 performance targets.
How do the RSU performance conditions work for Equinix (EQIX) awards in this filing?
The performance RSUs described were tied to AFFO, revenue, and EBITDA targets for specific years. After the compensation committee certified achievement levels, each award shifted to time-based vesting over future dates, conditioned on Pletcher’s continued service at Equinix.