Equinix : Proxy Statement FY 2022

Annual Proxy Statement

2023

EQUINIX 2023 PROXY STATEMENT

Notice of Annual Meeting of Stockholders

Dear Stockholder:

You are cordially invited to attend the Annual Meeting of Stockholders (the "Annual Meeting") of Equinix, Inc., a Delaware corporation ("Equinix"). This year's meeting will be held exclusively online; we are not holding an in-person meeting. The Annual Meeting will be held on Thursday, May 25, 2023, at 10:00 a.m. PDT, and log-in will begin at 9:45 a.m. PDT. We believe in meaningfully engaging with our stockholders and hope this virtual meeting will maximize participation. You will be able to attend and participate in the virtual Annual Meeting, vote your shares electronically and submit your questions during the meeting by visiting:

www.virtualshareholdermeeting.com/EQIX2023

To participate in the virtual meeting, you will need the 16-digit control number included on your Notice of Internet Availability of Proxy Materials, proxy card, or voting instruction form. Please refer to the "Attending the Meeting" section of the proxy statement for more details about attending the Annual Meeting online. Beneficial stockholders who did not receive a 16-digit control number from their bank or brokerage firm, who wish to attend the meeting, should follow the instructions from their bank or brokerage firm, including any requirement to obtain a legal proxy. Most brokerage firms or banks allow a stockholder to obtain a legal proxy either online or by mail.

Formal rules of conduct and technical support will be available during the virtual Annual Meeting. We encourage you to access the meeting prior to the start time leaving ample time for the check- in. Please follow the registration instructions as outlined in this proxy statement.

At the Annual Meeting, the following proposals will be considered and voted on, in addition to such other business as may properly come before the meeting or any adjournments or postponements thereof:

ITEMS OF BUSINESS

TO BE HELD

Thursday, May 25, 2023 10:00 a.m. PDT

VIRTUAL MEETING

www.virtualshareholder

meeting.com/EQIX2023

PROPOSAL

BOARD'SSEE

RECOMMENDATION PAGE

ATTENDANCE

• Election of directors to the Board of Directors (the "Board") to serve until the next Annual Meeting or until their successors have been duly elected and qualified

• Nanci Caldwell	•	Charles Meyers	• Sandra Rivera
• Adaire Fox-Martin• Thomas Olinger	• Fidelma Russo	FOR	7
• Ron Guerrier	• Christopher Paisley	• Peter Van Camp	each nominee
• Gary Hromadko	• Jeetu Patel
2 Approval, by a non-binding advisory vote, of the	FOR	32
compensation of our named executive officers

• Approval, by a non-binding advisory vote, of the frequency

with which our stockholders will vote on the compensation of

FOR ONE YEAR

33

our named executive officers

• Ratification of the appointment of PricewaterhouseCoopers

LLP as our independent registered public accounting firm for	FOR	66
the fiscal year ending Dec. 31, 2023
5 A stockholder proposal related to shareholder ratification of	AGAINST	68
termination pay

Whether or not you plan to attend the Annual Meeting, please vote promptly, following the instructions contained in the materials you received.

The foregoing items of business are more fully described in the attached proxy statement.

Only stockholders of record at the close of business on Mar. 30, 2023 are entitled to notice of, and to vote at, the Annual Meeting and at any adjournments or postponements thereof.

BY ORDER OF THE BOARD OF DIRECTORS,

Peter Van Camp

Executive Chairman

Redwood City, California

Apr. 14, 2023

EQUINIX 2023 PROXY STATEMENT

Whether or not you plan to attend the virtual meeting, please vote as soon as possible.

You may revoke your proxy at any time prior to the Annual Meeting. If you decide to attend the Annual

Meeting and wish to change your proxy vote, you may do so by attending the Annual Meeting webcast.

Important notice regarding the availability of proxy materials for the Annual Meeting to be held on May 25, 2023. The proxy statement and annual report to stockholders on Form 10-K are available at: https://investor.equinix.com/news-events/annual-meeting-of-stockholders

VOLUNTARY E-DELIVERY OF PROXY MATERIALS

We encourage our stockholders to enroll in electronic delivery of proxy materials.

Electronic delivery offers immediate and convenient access to proxy statements, annual reports and other investor documents. It also helps us preserve the environment and reduce printing and shipping costs.

Visit proxyvote.com to vote your shares and, when prompted, indicate that you agree to receive or access proxy materials electronically in future years.

PROXY STATEMENT Table of contents

PROXY SUMMARY	1
General information	1
Items to be voted on and our Board's
recommendation	2
Governance	3
Performance and compensation highlights	5

GOVERNANCE	7
PROPOSAL 1-Election of directors	7
Board composition	12
Board operations	16
Other governance policies and practices	21
2022 director compensation	22
Equinix stock ownership	24
Related-party transactions	25
Sustainability	27
Executive officers	30

COMPENSATION	32
PROPOSAL 2-Advisorynon-binding vote
on executive compensation	32
PROPOSAL 3-Advisorynon-binding vote
on frequency of executive compensation
vote	33
Compensation roadmap	34
Compensation discussion and analysis	34
Talent, Culture and Compensation
Committee Report	46
Executive compensation tables and related
information	47

Compensation policies and practices risk
assessment	56
Talent, Culture and Compensation
Committee interlocks and insider
participation	57
Equity compensation plan information	58
CEO to median employee pay ratio	59
Pay vs. performance	60

AUDIT	66
PROPOSAL 4-Ratification of independent
registered public accountants	66
Report of the Audit Committee of the
Board of Directors	67
STOCKHOLDER PROPOSAL	68
PROPOSAL 5-Stockholder proposal,
related to shareholder ratification of	68
termination pay
Equinix opposition statement	69
ADDITIONAL INFORMATION	72
Voting information and attending the
meeting	72
Delivery of documents to stockholders
sharing an address	76
Stockholder proposals for 2024 annual
meeting	76
Other matters	77