Cindy Fiedelman - Feb 22, 2023 Form 4 Insider Report for DIGITAL REALTY TRUST, L.P. (DLR)

Role: CHIEF HUMAN RESOURCES OFFICER
Signature: /s/ Christopher Visgilio, Attorney-in-Fact
Stock symbol: DLR
Transactions as of: Feb 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/7/2023, 06:40 PM
Previous filing: Jan 18, 2023
Next filing: Apr 25, 2023

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DLR	Long-Term Incentive Units	Award	$0	+5.88 K	+12.2%	$0.00	54.1 K	Feb 22, 2023	Common Units	5.88 K		Direct	F1, F2

Explanation of Responses:

Id	Content
F1	Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner'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	The units will vest in two equal annual installments beginning on February 22, 2024. The vested profits interest units have no expiration date.

Content

Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.

The units will vest in two equal annual installments beginning on February 22, 2024. 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 General Partner.