DigitalBridge CEO converts 2,358,601 OP Units
DigitalBridge Group, Inc. reported that an entity associated with CEO Marc C. Ganzi converted operating partnership units into common stock.
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Rhea-AI Filing Summary
DigitalBridge Group, Inc. reported that an entity associated with CEO Marc C. Ganzi converted operating partnership units into common stock. On the reported date, MCG Analog LLC redeemed 2,358,601 OP Units of DigitalBridge Operating Company, LLC for the same number of Class A Common Shares, with no cash consideration paid. Following the conversion, MCG Analog LLC held 2,907,297 shares of Class A Common Stock indirectly for Ganzi. These transactions were non-cash derivative conversions and did not involve any open-market purchases or sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | OP Units | 2,358,601 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 2,358,601 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of Class A Common Stock issued upon redemption of an equivalent number of membership units (OP Units) in DigitalBridge Operating Company, LLC (the OP). The OP Units were redeemable by the holder for cash or, at the election of the issuer, shares of Class A Common Stock on a one-for-one basis. No consideration was paid by the reporting person in connection with the redemption.
Key Figures
Key Terms
OP Units financial
Class A Common Stock financial
Conversion of derivative security financial
indirect ownership financial
FAQ
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What insider transaction did DigitalBridge (DBRG) disclose for Marc C. Ganzi?
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