Jeannie Lee - 01 Jan 2024 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Role
EVP, GENERAL COUNSEL
Signature
/s/ Salini Nandipati, Attorney-in-Fact
Issuer symbol
DLR
Transactions as of
01 Jan 2024
Net transactions value
-$1,615
Form type
4
Filing time
03 Jan 2024, 19:50:13 UTC
Previous filing
28 Nov 2023
Next filing
11 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLR Common Stock Tax liability $1,615 -12 -0.12% $134.58 10,204 01 Jan 2024 Direct

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 +5,944 +29% $0.000000 26,406 01 Jan 2024 Common Stock 5,944 Direct 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 The units will vest in four equal annual installments beginning on February 27, 2025. 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 the Operating Partnership.