Michael Earl Campbell - 06 Mar 2024 Form 4 Insider Report for EQUINIX INC (EQIX)

Reporting relationship: Chief Sales Officer
Issuer ticker: EQIX
Reported as of: 06 Mar 2024
Net transaction value: -$476,784
SEC form: 4
Accepted by SEC: 08 Mar 2024, 16:20:48 UTC
Prior SEC filing: 20 Feb 2024
Next SEC filing: 09 Sep 2024
Source filing: View source filing
Reporting owner signature: /s/ Samantha Lagocki, POA

Key filing fact

Michael Earl Campbell filed Form 4 for EQUINIX INC (EQIX) on 08 Mar 2024.

Key facts

This page summarizes Michael Earl Campbell's Form 4 filing for EQUINIX INC (EQIX).
10 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 08 Mar 2024, 16:20.

Change

Previous filing in this sequence was filed on 20 Feb 2024.
Current net transaction value: -$476,784.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EQIX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +528
Change %: +3.4%
Price: $0.000000
Shares after: 16,177
Date: 06 Mar 2024
Ownership: Direct

EQIX transaction

Common Stock

Sale

Transaction value: $116,969
Shares: -130
Change %: -0.8%
Price: $899.76
Shares after: 16,047
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1, F2

EQIX transaction

Common Stock

Sale

Transaction value: $70,290
Shares: -78
Change %: -0.49%
Price: $901.15
Shares after: 15,969
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1, F3

EQIX transaction

Common Stock

Sale

Transaction value: $82,119
Shares: -91
Change %: -0.57%
Price: $902.40
Shares after: 15,878
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1, F4

EQIX transaction

Common Stock

Sale

Transaction value: $93,982
Shares: -104
Change %: -0.65%
Price: $903.68
Shares after: 15,774
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1, F5

EQIX transaction

Common Stock

Sale

Transaction value: $89,710
Shares: -99
Change %: -0.63%
Price: $906.16
Shares after: 15,675
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1, F6

EQIX transaction

Common Stock

Sale

Transaction value: $23,715
Shares: -26
Change %: -0.17%
Price: $912.10
Shares after: 15,649
Date: 07 Mar 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EQIX transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +528
Change %
Price: $0.000000
Shares after: 528
Date: 06 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 528
Exercise price: $0.000000
Footnotes: F7, F8

EQIX transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -528
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 528
Exercise price: $0.000000
Footnotes: F7, F8

EQIX transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +2,299
Change %
Price: $0.000000
Shares after: 2,299
Date: 07 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,299
Exercise price: $0.000000
Footnotes: F8, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 9 footnotes

Footnote F1

Shares sold pursuant to a 10b5-1 Trading Plan.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $899.39 to $900.09, inclusive. The reporting person undertakes to provide to Equinix, Inc, any security holder of Equinix Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3 through 6 to this Form 4.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $900.86 to $901.49 inclusive.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $902.07 to $902.75 inclusive.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $903.18 to $904.08 inclusive.

Footnote F6

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $905.96 to $906.32 inclusive.

Footnote F7

Under the 2023 Annual Incentive Plan, subject to meeting performance criteria, the reporting person was eligible to receive a bonus to be paid in the form of fully-vested restricted stock units. The Compensation Committee has determined that the performance criteria were attained, and therefore 100% of the award was granted on March 6, 2024 as reported in this Form 4.

Footnote F8

Restricted stock unit award expires upon reporting person's termination of service.

Footnote F9

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, 2025 and an additional 33.33% of the RSUs will each vest on January 15, 2026 and January 15, 2027.