Fox-Martin Adaire 4

What Happened

• Fox‑Martin Adaire, President, CEO and Director of Equinix, received a 2,034‑share restricted stock unit (RSU) award on March 11, 2026 (granted under the 2025 Annual Incentive Plan). The RSUs converted/settled into 2,034 shares (reported as derivative exercise/conversion at $0.00).
• On March 12, 2026, Adaire sold a total of 1,086 shares in multiple open‑market transactions, generating aggregate proceeds of about $1,049,295. Individual sale prices ranged roughly from $962.23 to $969.92 per share (weighted average prices reported for different lots).

Key Details

• Transaction dates: RSU grant/settlement and conversion on 2026‑03‑11; open‑market sales on 2026‑03‑12. Form 4 filed 2026‑03‑13 (appears timely).
• Sales: 1,086 shares sold in multiple lots for approx. $1,049,295 total.
• Grant: 2,034 RSUs granted/vested on 2026‑03‑11 (footnote indicates 100% of the award was granted).
• Reason for sales: Footnote states shares were sold pursuant to a 10b5‑1 trading plan to raise funds to pay required withholding tax from the RSU vesting.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Footnotes: F1 (10b5‑1 plan / tax withholding), F7 (award granted after meeting performance criteria), F8 (RSUs expire upon termination). Several sales reported as weighted averages with price ranges for specific lots (approx. $962.23–$969.92).

Context

• This filing reflects a routine manager compensation settlement (RSU grant + settlement) followed by planned sales to cover tax withholding rather than a standalone investment purchase or a discretionary sell signal. The derivative entries at $0.00 represent awarded/vested RSUs converting to common shares rather than a cash option purchase.
• For retail investors: sales tied to tax withholding and 10b5‑1 plans are common and generally less informative about the insider’s view on the company’s outlook than voluntary, unscheduled sales or purchases.