Michael Shane Paladin, Chief Customer & Revenue Officer of Equinix Inc. (NASDAQ:EQIX), filed a Form 4 on September 3, 2026, disclosing the vesting of restricted stock units and the subsequent sale of shares on September 1 and 2, 2026.

Key Highlights

  • RSU vesting: 510 restricted stock units vested on September 1, 2026, at a conversion price of $0, adding 510 shares of common stock to Paladin's holdings.
  • Tax-related sale, tranche 1: 53 shares were sold on September 2, 2026, at a weighted average price of $1,008.0191, with individual transaction prices ranging from $1,008.00 to $1,008.50.
  • Tax-related sale, tranche 2: 150 shares were sold on September 2, 2026, at $1,018.43 per share.
  • Remaining ownership: Following all reported transactions, Paladin directly beneficially owned 2,757.485 shares of common stock.
  • 10b5-1 plan: According to the filing, shares were sold "pursuant to a 10b5-1 Trading Plan in order to raise funds to pay the required withholding tax pursuant to the vesting of RSUs."
  • RSU vesting schedule: The filing states the RSUs vest with 35% on October 7, 2025, and an additional 21.67% vesting every March 1st and September 1st until fully vested.

Equinix Officer RSU Activity: Vesting, Sales, and Remaining Stake

According to the Form 4 filing, Michael Shane Paladin, serving as Chief Customer & Revenue Officer at Equinix Inc., reported a sequence of transactions beginning September 1, 2026. On that date, 510 restricted stock units were converted to 510 shares of common stock via a transaction coded "M," at a price of $0. Prior to this vesting event, the filing indicates Paladin held 2,960.485 shares directly, and following the acquisition the total stood at 2,960.485 shares before the subsequent sales.

On September 2, 2026, two separate sale transactions were reported. The first, coded "S," involved 53 shares sold at a weighted average price of $1,008.0191, with the filing noting the shares were sold in multiple transactions at prices ranging from $1,008.00 to $1,008.50, inclusive. The second sale on the same date involved 150 shares at $1,018.43 per share. The filing states both sales were executed pursuant to a Rule 10b5-1 trading plan specifically to cover required tax withholding obligations arising from the RSU vesting. After both sales, Paladin's direct beneficial ownership stood at 2,757.485 shares of common stock.

The remaining 510 restricted stock units shown in Table II are noted as expiring upon the reporting person's termination of service. The Form 4 was signed by Samantha Lagocki as power of attorney on September 3, 2026, and the filing notes the box indicating a Rule 10b5-1(c) plan was checked.

What Was Disclosed

Equinix Chief Customer & Revenue Officer Michael Shane Paladin disclosed the vesting of 510 RSUs and the sale of 203 total shares on September 2, 2026, executed under a 10b5-1 plan for tax withholding purposes, leaving direct beneficial ownership of 2,757.485 shares.