Equinix adopts 2024 Annual Incentive Plan; exec bonuses in RSUs tied to revenue and AFFO/Share

EQUINIX INC

Executive target bonuses payable entirely in fully vested RSUs to conserve cash; max payout 132% of target.
Performance metrics: revenue (50% weight) and AFFO/Share (50% weight) based on Board-approved operating plan.
VP+ leaders face a Strategic Modifier adjusting payout ±10% based on digital services and ESG goals.
No bonuses paid if either revenue or AFFO/Share falls to 95% of goal or below.
Committee retains discretion to reduce or eliminate any award.

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