Equinix (EQIX) director Fidelma Russo receives 241 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RUSSO FIDELMA reported acquisition or exercise transactions in this Form 4 filing.
Equinix director Fidelma Russo received a grant of 241 Restricted Stock Units (RSUs), each representing one share of common stock. The award was granted at no cash cost and is compensation rather than an open-market purchase or sale. The RSUs will vest on the earlier of May 13, 2027 or the date of the regular stockholders’ meeting held in the calendar year after the grant, provided she remains in continuous service as a director. If her service terminates before vesting, the RSU award expires and the units are forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RUSSO FIDELMA
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
RSUs held after grant: 241 units
Grant price per unit: $0.0000 per unit
+1 more
4 metrics
RSUs granted
241 units
Restricted Stock Units granted to director on May 13, 2026
RSUs held after grant
241 units
Total RSUs following this reported transaction
Grant price per unit
$0.0000 per unit
Reported transaction price for RSU award
Vesting date
May 13, 2027
Vests on earlier of this date or next regular stockholders’ 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 Fidelma Russo report in this Form 4?
Fidelma Russo reported receiving a grant of 241 Restricted Stock Units (RSUs). These derivative awards are equity-based compensation and do not involve any open-market buying or selling of Equinix common stock.
How many Equinix (EQIX) RSUs were granted to Fidelma Russo?
She was granted 241 Restricted Stock Units, each tied to one share of Equinix common stock. This brings her total RSU holdings reported in this filing to 241 units following the transaction.
When do Fidelma Russo’s Equinix (EQIX) RSUs vest?
The RSUs vest on the earlier of May 13, 2027 or the date of the regular stockholders’ meeting in the calendar year after the grant, assuming she continues serving as a director through that vesting date.
Are there conditions attached to the Equinix (EQIX) RSU grant for Fidelma Russo?
Yes. Vesting requires continuous Service as a director through the vesting date. If her service ends before vesting, the RSU award expires upon termination of service and the unvested units are forfeited.