Pletcher Kurt 4
4 · EQUINIX INC · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Equinix (EQIX) CLO Kurt Pletcher Exercises RSUs, Sells Shares
What Happened
- Kurt Pletcher, Chief Legal Officer of Equinix, was granted 559 fully‑vested restricted stock units (RSUs) on March 11, 2026 under the 2025 Annual Incentive Plan (performance criteria met). He converted/exercised those derivative awards and sold all 559 resulting shares in multiple open‑market transactions on March 12, 2026.
- The shares sold totaled $539,819 (aggregate) at an approximate weighted average price of $965.7 per share. The activity appears to be a routine disposition following grant/conversion rather than a market purchase.
Key Details
- Transaction dates: Grant/conversion March 11, 2026; market sales March 12, 2026. Form filed March 13, 2026 (timely).
- Shares involved: 559 RSUs granted/converted; 559 shares sold across multiple trades.
- Aggregate value of sales: $539,819; approximate weighted average sale price ≈ $965.7/share.
- Footnotes: Grant was 100% of the award under the 2025 Annual Incentive Plan (F13). The RSU award expires on termination (F14). Some sales were made pursuant to a pre‑arranged 10b5‑1 trading plan (F1). Several footnotes note that reported prices are weighted averages for groups of trades and give the price ranges for those groups (F2–F12).
- Net effect on these transactions: no net increase in shares from the grant+conversion then sale (acquired 559, disposed 559). The filing does not by itself disclose total beneficial ownership after these transactions.
Context
- This was an award + near‑immediate conversion/sale: typical for executives who receive stock awards and then sell shares to realize value or diversify. Because the sales were executed under a 10b5‑1 plan and occurred in multiple trades with weighted average pricing, they appear to be pre‑planned rather than opportunistic market timing.
- The filing uses derivative transaction codes: A = award/grant (RSUs), M = exercise/conversion of derivative, S = open market sale. No purchase (P) activity here.
Insider Transaction Report
Form 4
EQUINIX INCEQIX
Pletcher Kurt
Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-11+559→ 4,667.955 total - Sale
Common Stock
[F1][F2]2026-03-12$958.00/sh−16$15,328→ 4,651.955 total - Sale
Common Stock
[F1][F3]2026-03-12$959.00/sh−28$26,852→ 4,623.955 total - Sale
Common Stock
[F1][F4]2026-03-12$960.13/sh−20$19,203→ 4,603.955 total - Sale
Common Stock
[F1][F5]2026-03-12$961.17/sh−46$44,214→ 4,557.955 total - Sale
Common Stock
[F1][F6]2026-03-12$962.60/sh−37$35,616→ 4,520.955 total - Sale
Common Stock
[F1][F7]2026-03-12$963.72/sh−16$15,419→ 4,504.955 total - Sale
Common Stock
[F1][F8]2026-03-12$965.34/sh−32$30,891→ 4,472.955 total - Sale
Common Stock
[F1][F9]2026-03-12$966.16/sh−36$34,782→ 4,436.955 total - Sale
Common Stock
[F1][F10]2026-03-12$967.44/sh−164$158,660→ 4,272.955 total - Sale
Common Stock
[F1][F11]2026-03-12$968.30/sh−101$97,798→ 4,171.955 total - Sale
Common Stock
[F1][F12]2026-03-12$969.14/sh−63$61,056→ 4,108.955 total - Award
Restricted Stock Unit
[F13][F14]2026-03-11+559→ 559 totalExercise: $0.00→ Common Stock (559 underlying) - Exercise/Conversion
Restricted Stock Unit
[F13][F14]2026-03-11−559→ 0 totalExercise: $0.00→ Common Stock (559 underlying)
Footnotes (14)
- [F1]Shares sold pursuant to a 10b5-1 Trading Plan.
- [F10]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $966.805 to $967.78 inclusive.
- [F11]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $967.84 to $968.77 inclusive.
- [F12]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $968.87 to $969.80 inclusive.
- [F13]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.
- [F14]Restricted stock unit award expires upon reporting person's termination of service.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $957.55 to $958.48, 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 12 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 $958.59 to $959.455 inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $959.625 to $960.4200 inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $960.875 to $961.59 inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $962.13 to $963.00 inclusive.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $963.395 to $964.00 inclusive.
- [F8]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $964.71 to $965.70 inclusive.
- [F9]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $965.78 to $966.74 inclusive.
Signature
/s/ Samantha Lagocki, POA|2026-03-13