Equinix discloses EVP Scott Crenshaw separation; $855K cash, pro-rated RSU vesting

EQUINIX INC

Separation effective Sept 26, 2024; separation agreement signed Oct 2.
Lump-sum cash severance: $450K base salary plus $405K target bonus ($855K total).
Pro-rated vesting of Feb 2023 and Mar 2024 performance-based RSUs through Sept 20, 2024.
Pro-rated vesting of time-based RSUs from same grants through Sept 20, 2024.
COBRA premium reimbursement for 12 months; must honor nonsolicitation, nondisparagement, cooperation.

item 5.02

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Departed

Scott Crenshaw

EVP

EQIX · EQUINIX INC

Effective: 2024-09-26
Filed: October 4, 2024, 7:59 PM ET

Mr. Crenshaw’s employment with the Company ceased effective as of September 26, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Crenshaw departed as EVP at EQUINIX INC.

Action: separation
Role: EVP

Exact text from the filing

Mr. Crenshaw’s employment with the Company ceased effective as of September 26, 2024.

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EQUINIX INC filing history →

Source: SEC EDGAR

accession 0001628280-24-042310

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