secwatch.observer — SEC 8-K summary
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Issuer:     EQUINIX INC (EQIX)
CIK:        0001101239
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001628280-25-004875
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Equinix approves 2025 Annual Incentive Plan with bonus in RSUs, based on revenue and AFFO/Share goals
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- Annual target bonuses for executive officers paid in fully vested RSUs to conserve cash; max payout 132% of target.
- Bonus based 50% on revenue, 50% on AFFO/Share; no bonuses if either metric <=95% of goals.
- Strategic modifier for VP+ adjusts payout +/-10% based on Equinix Fabric attach growth (50%) and E&S metrics (50%).
- Revenue bonus pool reduced 20% per 1% below goal; AFFO/Share pool reduced 20% per 1% below, increased 13.33% per 1% above up to 3%.
- Committee retains discretion to reduce or eliminate awards under the plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101239/000162828025004875/0001628280-25-004875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101239/000162828025004875/eqix-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-004875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer