TAYLOR KEITH D 4

What Happened
Keith D. Taylor, Chief Financial Officer of Equinix, received 760 fully vested restricted stock units (RSUs) on March 11, 2026 (awarded under the 2025 Annual Incentive Plan after performance targets were met). Those RSUs converted to 760 common shares and were sold on March 12, 2026 in an open-market transaction at $961.19 per share, generating proceeds of approximately $730,504. The RSUs had no exercise cost ($0.00 reported), so this was effectively a cashing-out of a performance award rather than a purchase.

Key Details

• Transaction dates and prices:
  • 2026-03-11: 760 RSUs granted (0.00 exercise price) and converted to 760 shares.
  • 2026-03-12: 760 shares sold in open market at $961.19 each; total proceeds ≈ $730,504.
• Net effect: These transactions resulted in no net retained shares from the award (760 granted → 760 sold).
• Footnotes:
  • Sale executed pursuant to a pre-established 10b5-1 trading plan (F1).
  • Award granted as 100% of the eligible 2025 Annual Incentive Plan bonus after performance criteria were met (F2); RSUs expire upon termination of service (F3).
• Filing/timeliness: Form 4 was filed March 13, 2026 for transactions on March 11–12; this appears to be timely (no late filing indicated).

Context: The sequence—award of vested RSUs, conversion to shares, and immediate sale—is a common way executives realize compensation from performance awards and does not necessarily indicate a change in view on the company. The 10b5-1 plan suggests the sale was pre-planned.