Equinix (EQIX) CFO receives two new restricted stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEONETTI OLIVIER reported acquisition or exercise transactions in this Form 4 filing.
Equinix Inc. reported that Chief Financial Officer Olivier Leonetti received two grants of restricted stock units as equity compensation. One award covers 5,422 RSUs tied to Equinix common stock, and the other covers 3,578 RSUs. Both are held directly by the executive.
Each RSU award vests over three years, subject to continuous service. For one grant, 33.33% vests on March 1, 2027, with additional 33.33% portions vesting on March 1, 2028 and March 1, 2029. For the other, 33.33% vests on January 15, 2027, with further 33.33% portions vesting on January 15, 2028 and January 15, 2029. The awards expire if Leonetti’s service with the company ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LEONETTI OLIVIER
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 5,422 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 3,578 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,422 shares (Direct)
Footnotes (1)
- Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on March 1, 2027 and an additional 33.33% of the RSUs will each vest on March 1, 2028 and March 1, 2029. Restricted stock unit award expires upon reporting person's termination of service. Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2027 and an additional 33.33% of the RSUs will each vest on January 15, 2028 and January 15, 2029.
FAQ
What insider transactions did Equinix (EQIX) report for Olivier Leonetti?
Equinix reported that Chief Financial Officer Olivier Leonetti received two restricted stock unit awards as equity compensation. One grant covers 5,422 RSUs and the other 3,578 RSUs, both tied to Equinix common stock and reported as directly owned derivative securities.
How many restricted stock units did the Equinix CFO receive in this Form 4?
The Equinix CFO received two separate restricted stock unit awards: one for 5,422 RSUs and another for 3,578 RSUs. Each RSU represents a contingent right to receive one share of Equinix common stock, subject to the specified vesting schedules and continued service conditions.
What is the vesting schedule for Olivier Leonetti’s 5,422 Equinix RSUs?
The 5,422 restricted stock units vest in three equal installments based on continued service. According to the schedule, 33.33% vest on March 1, 2027, with additional 33.33% portions vesting on March 1, 2028 and March 1, 2029, assuming ongoing employment or qualifying service.
How do the 3,578 Equinix RSUs granted to the CFO vest over time?
The 3,578 restricted stock units also vest in three equal tranches, contingent on continued service. The vesting schedule provides that 33.33% vest on January 15, 2027, and additional 33.33% portions vest on January 15, 2028 and January 15, 2029, if service is maintained throughout.
What happens to Olivier Leonetti’s Equinix restricted stock units if his service ends?
The filing states that each restricted stock unit award expires upon the reporting person’s termination of service. This means unvested RSUs would cease to be outstanding if Leonetti’s employment or qualifying service with Equinix or its subsidiaries ends before full vesting occurs.
Did the Equinix CFO buy or sell common stock in this Form 4 filing?
The Form 4 shows no open-market purchases or sales of Equinix common stock by the CFO. Instead, it reports two acquisitions of restricted stock units as compensation awards, coded as grants (transaction code A), with no associated buy or sell transactions in the company’s shares.