Equinix adopts Executive Severance Plan, amends CEO agreement, approves 2026 incentive plan

EQUINIX INC

Severance Plan provides 12 months base+bonus for non-CIC termination; for CIC termination, 2x lump sum plus full equity vesting.
CEO Adaire Fox-Martin's amended agreement eliminates three-year term, adds 12-month equity vesting and $10k outplacement.
2026 Global Annual Incentive Plan pays executive bonuses in fully vested RSUs (or cash for non-US) with max 132% of target.
Bonus metrics: revenue (50%) and AFFO/share (50%); strategic modifier up/down 10% based on interconnection revenue and ESG goals.
No bonuses if revenue or AFFO/share below 95% of goal; each 1% shortfall reduces pool by 20%.

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