Equinix (EQIX) CBO logs tax-driven stock sale and new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix Inc. Chief Business Officer Jonathan Lin reported multiple stock transactions involving company equity. On February 18, 2026, he executed open-market sales totaling 1,124.25 shares of Equinix common stock, at weighted average prices disclosed between about $933 and $948.30 per share, leaving him with 10,787.847 directly owned shares.
According to the footnotes, the sales were made under a 10b5-1 trading plan to raise cash to cover required tax withholding from vesting restricted stock units. On February 17, 2026, Lin acquired common shares through exercises of restricted stock units and received new performance-based RSU awards, including 3,027 units, with vesting tied to adjusted funds from operations, revenue and EBITDA targets and continued service over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,124.25 shares ($1,057,392)
Net Sell
18 txns
Insider
Lin Jonathan
Role
Chief Business Officer
Sold
1,124.25 shs ($1.06M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 41 | $932.944 | $38K |
| Sale | Common Stock | 82 | $934.4514 | $77K |
| Sale | Common Stock | 8.25 | $935.395 | $8K |
| Sale | Common Stock | 139 | $937.7856 | $130K |
| Sale | Common Stock | 110 | $938.8585 | $103K |
| Sale | Common Stock | 168 | $940.1241 | $158K |
| Sale | Common Stock | 222 | $941.0378 | $209K |
| Sale | Common Stock | 149 | $942.0449 | $140K |
| Sale | Common Stock | 41 | $943.465 | $39K |
| Sale | Common Stock | 74 | $944.963 | $70K |
| Sale | Common Stock | 90 | $948.30 | $85K |
| Exercise | Restricted Stock Unit | 458 | $0.00 | -- |
| Exercise | Restricted Stock Units | 518 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 3,027 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,514 | $0.00 | -- |
| Exercise | Common Stock | 458 | $0.00 | -- |
| Exercise | Common Stock | 518 | $0.00 | -- |
| Exercise | Common Stock | 1,514 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,871.097 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Restricted Stock Units — 518 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) Chief Business Officer Jonathan Lin report on this Form 4?
Jonathan Lin reported a series of stock sales and equity-related transactions in Equinix (EQIX) shares. These included open-market sales, RSU exercises converting into common stock, and new performance-based restricted stock unit awards tied to future service and financial targets.
Why were Jonathan Lin’s Equinix (EQIX) stock sales conducted under a 10b5-1 plan?
The filing states the Equinix (EQIX) shares were sold under a 10b5-1 Trading Plan to raise funds for required tax withholding. This withholding obligation arose in connection with the vesting of restricted stock units that previously had been granted to Jonathan Lin.
What new restricted stock units did Jonathan Lin receive from Equinix (EQIX)?
Jonathan Lin received a grant of 3,027 performance restricted stock units from Equinix (EQIX) on March 11, 2025, as described in the footnotes. Vesting depends on continued service and meeting 2025 AFFO, revenue and EBITDA targets, with tranches vesting through February 15, 2028.
How do Jonathan Lin’s Equinix (EQIX) performance RSUs vest over time?
The Form 4 footnotes explain that several performance RSU awards vest in stages. Once financial targets are certified, 50% typically vests first, then 25% on the following year’s February 15, and the final 25% one year later, all subject to continued employment at Equinix (EQIX).