Gregory S. Wright - 13 Jan 2023 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Role: CHIEF INVESTMENT OFFICER
Signature: /s/ Christopher Visgilio, Attorney-in-Fact
Issuer symbol: DLR
Transactions as of: 13 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 18 Jan 2023, 17:54:11 UTC
Previous filing: 04 Jan 2023
Next filing: 07 Mar 2023
SEC: View on sec.gov

Quoteable Key Fact

"Gregory S. Wright filed Form 4 for DIGITAL REALTY TRUST, INC. (DLR) on 18 Jan 2023."

Quick Takeaways

This page summarizes Gregory S. Wright's Form 4 filing for DIGITAL REALTY TRUST, INC. (DLR).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 18 Jan 2023, 17:54.

What Changed

Previous filing in this sequence was filed on 04 Jan 2023.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

DLR transaction Derivative

Long-Term Incentive Units

Award

Transaction value: $0
Shares: +6,886
Change %: +13%
Price: $0.000000
Shares after: 58,138
Date: 13 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,886
Exercise price
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
F2	Reflects an award initially granted on February 19, 2020 that was subject to a performance-based vesting condition which was determined to be satisfied on January 13, 2023. The number of units reported herein includes 483 distribution equivalent units, which vested effective as of December 31, 2022. The remaining 6,403 units are subject to an additional time-based vesting condition, pursuant to which 50% of the units will vest annually over two years, beginning on February 27, 2023. The vested profits interest units have no expiration date.

Content

Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.

Reflects an award initially granted on February 19, 2020 that was subject to a performance-based vesting condition which was determined to be satisfied on January 13, 2023. The number of units reported herein includes 483 distribution equivalent units, which vested effective as of December 31, 2022. The remaining 6,403 units are subject to an additional time-based vesting condition, pursuant to which 50% of the units will vest annually over two years, beginning on February 27, 2023. The vested profits interest units have no expiration date.

Remarks:

This statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is being filed to report transactions that are being reported concurrently on a Form 4 for Operating Partnership.