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EQIX > SEC Filings for EQIX > Form 8-K on 10-Mar-2014All Recent SEC Filings

Show all filings for EQUINIX INC

Form 8-K for EQUINIX INC


Other Events

Item 8.01 Other Events.

On March 6, 2014, the Compensation Committee of the Board of Directors of Equinix, Inc. ("Equinix") granted long-term incentives to Equinix's executive officers in the form of performance-based restricted stock units ("RSUs") that are 100% at risk should the performance targets not be attained.

As in prior years, the Compensation Committee used total shareholder return ("TSR") as a performance metric for 331/3% of such RSUs. Depending upon Equinix's TSR achievement over a two-year period, measured against the Russell 1000 Index, the number of shares earned under the TSR RSUs may range from 0% to 200%. The remaining RSUs may be earned based on achievement of revenue and adjusted EBITDA performance goals for 2014, combined with service-based vesting to the extent the awards are earned.

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