Miller Simon 4

What Happened

• Simon Miller, Chief Accounting Officer of Equinix, received a performance-based award (287 restricted stock units) on March 11, 2026 and the filing also shows an exercise/conversion entry for 287 derivative shares that same day. The next day (March 12, 2026) Miller sold a series of open‑market lots totaling 289 shares for aggregate proceeds of $279,096. Most or all sales were conducted under a pre‑arranged 10b5‑1 trading plan. This is a sale (routine disposition) rather than a purchase.

Key Details

• Dates: Award/exercise entries on March 11, 2026; open‑market sales on March 12, 2026; Form 4 filed March 13, 2026 (timely).
• Sales: 11 open‑market lots totaling 289 shares; total proceeds reported $279,096.
• Price range: individual trades/weighted averages reported about $957.55 to $969.80 per share (per footnotes showing the price ranges).
• Notable footnotes: sales were pursuant to a 10b5‑1 plan (F1). The RSU award was a 2025 Annual Incentive Plan award granted as fully vested after performance criteria were met (F13); the RSU award expires upon termination (F14).
• Post‑transaction holdings: not provided in the data supplied in this summary.
• Filing timeliness: Form 4 was filed the day after the sales — not reported as late.

Context

• Transaction codes: A = award/grant, M = exercise/conversion of a derivative, S = open‑market sale. The M entries indicate conversion/exercise of derivative/option/award shares; the subsequent S entries show those (and possibly additional) shares were sold. Sales executed under a 10b5‑1 plan are pre‑scheduled and are generally treated as routine dispositions, not ad hoc insider sales.