Christopher Sharp - 02 Feb 2023 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Reporting relationship: EVP, CHIEF TECHNOLOGY OFFICER
Issuer ticker: DLR
Reported as of: 02 Feb 2023
Net transaction value: -$508,200
SEC form: 4
Accepted by SEC: 06 Feb 2023, 16:57:27 UTC
Prior SEC filing: 18 Jan 2023
Next SEC filing: 07 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Christopher Visgilio

Key filing fact

Christopher Sharp filed Form 4 for DIGITAL REALTY TRUST, INC. (DLR) on 06 Feb 2023.

Key facts

This page summarizes Christopher Sharp's Form 4 filing for DIGITAL REALTY TRUST, INC. (DLR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Feb 2023, 16:57.

Change

Previous filing in this sequence was filed on 18 Jan 2023.
Current net transaction value: -$508,200.

Research use

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.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,235
Change %
Price: $0.000000
Shares after: 4,235
Date: 02 Feb 2023
Ownership: Direct
Footnotes: F1, F2

DLR transaction

Common Stock

Sale

Transaction value: $508,200
Shares: -4,235
Change %: -100%
Price: $120.00
Shares after: 0
Date: 02 Feb 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLR transaction Derivative

Long-Term Incentive Units

Options Exercise

Transaction value: $0
Shares: -4,235
Change %: -4.6%
Price: $0.000000
Shares after: 88,053
Date: 02 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,235
Exercise price
Footnotes: F1, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.

Footnote F2

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan previously adopted by the reporting party.

Footnote F3

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.

Footnote F4

N/A.

SEC remarks

The 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 the Operating Partnership.