The company said the Talent, Culture and Compensation Committee of its Board adopted an Executive Severance Plan on February 6, 2026 covering eligible executives, other than the Chief Executive Officer, who are involuntarily terminated. The plan supersedes the company's existing severance practices for participants.

1. 01

   The company said the Talent, Culture and Compensation Committee of its Board adopted an Executive Severance Plan on February 6, 2026 covering eligible executives, other than the Chief Executive Officer, who are involuntarily terminated. The plan supersedes the company's existing severance practices for participants.

2. 02

   The company said that in a termination without Cause or resignation for Good Reason, it will pay base salary plus target bonus over 12 months and continue equity vesting for 12 months. In a termination tied to a change in control, it said the executive receives a lump sum equal to two times that sum, and equity awards accelerate by 100%, excluding awards whose vesting depends on performance conditions.

3. 03

   Equinix said its Chief Executive Officer, Adaire Fox-Martin, is not a participant in the Severance Plan and that she entered into an Amended and Restated Severance Agreement dated February 6, 2026 to modify her severance benefits. The company said the amendment eliminates the 3-year term and adds continued vesting of her equity awards for 12 months after a termination without a change in control, as well as outplacement services valued at up to $10,000.

4. 04

   The company said the Talent, Culture and Compensation Committee of its Board approved the Equinix 2026 Global Annual Incentive Plan on February 6, 2026. Target bonuses for executives will range from 100% to 200% of base salary, with maximum payouts capped at 132% of annual target bonus, and actual bonuses will be determined by weighting revenue and AFFO/Share goals at 50% each.

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Original filing

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