Paladin Michael Shane 4
4 · EQUINIX INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Equinix (EQIX) Chief Customer & Rev Officer Michael Paladin Sells Shares
What Happened
- Michael Shane Paladin, Chief Customer & Revenue Officer at Equinix, was granted 297 fully‑vested restricted stock units (RSUs) on March 11, 2026 under the 2025 Annual Incentive Plan. Those RSUs converted to 297 shares (reported as exercise/conversion of a derivative at $0).
- On March 12, 2026 he sold 118 of those shares in multiple open‑market transactions, generating approximately $114,067 in proceeds. The sales were executed under a pre‑arranged 10b5‑1 trading plan to raise funds to pay required withholding taxes.
Key Details
- Grant: 297 RSUs granted March 11, 2026 (F8). RSU award vests/was granted and converts to shares; award expires upon termination (F9).
- Conversion/Exercise: 297 shares converted/exercised at $0 on March 11, 2026 (derivative conversion, code M).
- Sales: 118 shares sold on March 12, 2026 in several lots at prices roughly in the $958–$969 per‑share range (weighted average prices reported for each lot). Total reported cash proceeds ≈ $114,067.
- Reason: Sales made pursuant to a 10b5‑1 trading plan to cover withholding taxes on the vested RSUs (F1).
- Filing timeliness: Transaction reported in a Form 4 filed March 13, 2026 for transactions on March 11–12, 2026 (filed within the usual 2‑business‑day window).
Context
- This was a routine vesting and tax‑related sale: RSUs were granted and converted to shares, and a portion was sold to satisfy tax withholding. The conversion had no exercise price (reported at $0), and the sales under a 10b5‑1 plan suggest pre‑scheduled disposition rather than a discretionary market timing decision.
- No indication in this filing of a larger change in insider ownership or of a 10% owner transaction.
Insider Transaction Report
Form 4
EQUINIX INCEQIX
Paladin Michael Shane
Chief Customer & Rev Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-11+297→ 2,568.485 total - Sale
Common Stock
[F1]2026-03-12$958.14/sh−4$3,833→ 2,564.485 total - Sale
Common Stock
[F1][F2]2026-03-12$960.50/sh−12$11,526→ 2,552.485 total - Sale
Common Stock
[F1][F3]2026-03-12$962.55/sh−12$11,551→ 2,540.485 total - Sale
Common Stock
[F1][F4]2026-03-12$964.05/sh−8$7,712→ 2,532.485 total - Sale
Common Stock
[F1][F5]2026-03-12$968.01/sh−24$23,232→ 2,508.485 total - Sale
Common Stock
[F1][F6]2026-03-12$969.12/sh−52$50,394→ 2,456.485 total - Sale
Common Stock
[F1][F7]2026-03-12$969.89/sh−6$5,819→ 2,450.485 total - Award
Restricted Stock Unit
[F8][F9]2026-03-11+297→ 297 totalExercise: $0.00→ Common Stock (297 underlying) - Exercise/Conversion
Restricted Stock Unit
[F8][F9]2026-03-11−297→ 0 totalExercise: $0.00→ Common Stock (297 underlying)
Footnotes (9)
- [F1]Shares were sold pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.18 to $961.13, 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 7 to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.23 to $962.86 inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.61 to $964.49 inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.66 to $968.26 inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.71 to $969.57 inclusive.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $969.84 to $969.91 inclusive.
- [F8]Under the 2025 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 11, 2026 as reported in this Form 4.
- [F9]Restricted stock unit award expires upon reporting person's termination of service.
Signature
/s/ Samantha Lagocki, POA|2026-03-13