Olinger Thomas S 4
Research Summary
AI-generated summary
Equinix Director Thomas Olinger Receives RSU Award
What Happened
- Thomas S. Olinger, a director of Equinix (EQIX), was granted 241 restricted stock units (RSUs) on May 13, 2026. The Form 4 records the acquisition as 241 derivative shares at $0.00 per share (typical for RSU awards); no cash changed hands on the grant. The eventual dollar value will depend on Equinix’s share price when the RSUs vest and convert to common shares.
Key Details
- Transaction date: 2026-05-13; Form 4 filed 2026-05-14 (timely).
- Transaction type/code: Grant/Award (A) of 241 RSUs; price reported $0.00; total reported $0.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — RSUs vest on the earlier of (i) May 13, 2027 or (ii) the date of the regular stockholder meeting the calendar year after the grant if the director does not stand for re-election; vesting requires continuous service. F2 — RSU award expires upon the reporting person’s termination of service.
- No 10b5-1 plan, tax-withholding, or sale information was disclosed in this filing.
Context
- RSUs are a form of deferred compensation/derivative award that convert to shares upon vesting; this grant is not an immediate purchase or sale. Director RSU grants are common as part of board compensation and do not, by themselves, indicate buying or selling sentiment.