Equinix said on February 6, 2025 that the Talent, Culture and Compensation Committee of its Board of Directors approved the Equinix 2025 Annual Incentive Plan for eligible employees, including executive officers. The company said target bonuses for executive officers will be paid, to the extent earned, in fully vested restricted stock units, and it said this allows Equinix to retain more cash in the business.

1. 01

   Equinix said on February 6, 2025 that the Talent, Culture and Compensation Committee of its Board of Directors approved the Equinix 2025 Annual Incentive Plan for eligible employees, including executive officers. The company said target bonuses for executive officers will be paid, to the extent earned, in fully vested restricted stock units, and it said this allows Equinix to retain more cash in the business.

2. 02

   The company said actual annual bonuses will be determined by performance against revenue (weighted at 50%) and AFFO/Share (weighted at 50%) goals. It said executive officer awards will be capped at 132% of annual target bonus, with no greater payout for individual over-performance.

3. 03

   The company said it applies a Strategic Modifier to leaders at the VP level and above, including executive officers. It said the modifier consists of Equinix Fabric attach growth rate (50%) and environmental and social metrics (50%, 12.5% per measured metric). It said that if the goals are met, the modifier can move the final payout up or down by up to 10%.

4. 04

   The company said that funding for the 2025 Plan at target is set at 100% of the bonus pool, and that the revenue or AFFO/Share portion of the pool falls by 20% for every 1% shortfall against the Goal. It said the AFFO/Share portion rises by 13.33% for every 1% above the Goal, up to a maximum of 3% above the Goal, and that no bonuses are paid if either revenue or AFFO/Share is 95% or less of the Goals.

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Original filing

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