Equinix Approves 2025 Annual Incentive Plan for Executive Officers

Summary

On February 6, 2025, Equinix, Inc.'s Board of Directors' Talent, Culture and Compensation Committee approved the 2025 Annual Incentive Plan for eligible employees, including executive officers. The plan allows for annual target bonus amounts to be paid in fully vested restricted stock units (RSUs) under Equinix's 2020 Equity Incentive Plan. Bonuses are determined based on performance against revenue and adjusted funds from operations per share (AFFO/Share) goals, with adjustments for strategic modifiers related to Equinix's strategic priorities. Performance against these metrics can influence bonus payouts by up to 20%. The Committee retains discretion to reduce or eliminate awards.