Matt Mercier - Dec 10, 2024 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Role
CFO
Signature
/s/ Salini Nandipati , Attorney-in-Fact
Stock symbol
DLR
Transactions as of
Dec 10, 2024
Transactions value $
-$471,873
Form type
4
Date filed
12/12/2024, 05:18 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLR Common Stock Options Exercise $0 +2.52K $0.00 2.52K Dec 10, 2024 Direct F1
transaction DLR Common Stock Sale -$472K -2.52K -100% $187.40 0 Dec 12, 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 Options Exercise $0 -2.52K -6.83% $0.00 34.3K Dec 10, 2024 Common Stock 2.52K Direct F1, F2, F3
* 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 Long-term incentive units are profits interest units in the Issuer. Vested profits interest units may be converted into an equal number of 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.
F3 N/A

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.