Digital Realty director receives incentive unit grant

Digital Realty Trust director VeraLinn Jamieson received a grant of 152 Long-Term Incentive Units on Common Stock as part of equity-based compensation.

Accepted by SEC EDGAR 04/02/2026 - 04:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Digital Realty Trust director VeraLinn Jamieson received a grant of 152 Long-Term Incentive Units on Common Stock as part of equity-based compensation. These units are profits interest units in Digital Realty Trust, L.P. that can, after meeting specified conditions, reach full parity with common partnership units.

Once vested and at full parity, each unit may be converted into one common partnership unit, which is redeemable for cash based on the fair market value of one share of Digital Realty Trust common stock or, at the issuer’s election, one share of common stock. Following this grant, Jamieson holds 13,254 Long-Term Incentive Units directly.

Insider Trade Summary

Grant/Award: 152 shares

Grant/Award 1 txn

Insider Jamieson VeraLinn

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Long-Term Incentive Units	152	$0.00	$0.00

Holdings After Transaction: Long-Term Incentive Units — 13,254 contracts (Direct)

Holdings Before and After: Long-Term Incentive Units, 13,102 to 13,254 contracts (Direct)

Footnotes (2)

1. 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.
2. F2. N/A

Key Figures

Long-Term Incentive Units granted: 152 units Long-Term Incentive Units held after grant: 13,254 units Grant price per unit: $0.0000 +1 more

4 metrics

Long-Term Incentive Units granted 152 units Grant on 2026-03-31 as equity award

Long-Term Incentive Units held after grant 13,254 units Total direct holdings following 2026-03-31 transaction

Grant price per unit $0.0000 Reported transaction price per Long-Term Incentive Unit

Underlying common stock equivalence 1 share per unit Each vested, parity unit convertible into one Common Unit, then equivalent to one share

Key Terms

Long-Term Incentive Units, profits interest units, Common Units, liquidating distributions, +1 more

5 terms

Long-Term Incentive Units financial

"Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P."

profits interest units financial

"Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P."

Common Units financial

"Vested profits interest units that have achieved full parity with Common Units may be converted"

Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.

liquidating distributions financial

"may initially not have full parity with common limited partnership units ... with respect to liquidating distributions"

Payments made to shareholders from a company’s remaining cash or asset sale proceeds when the business is being wound up or reorganized. Like splitting the money after selling a shared house, these distributions return investors’ capital (often after creditors are paid) rather than representing regular profit payouts, so they matter because they determine how much investors recover and can affect tax treatment and final investment value.

fair market value financial

"Common Units are redeemable for cash based on the FMV of an equivalent number of shares"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Digital Realty (DLR) director VeraLinn Jamieson receive in this Form 4?

VeraLinn Jamieson received a grant of 152 Long-Term Incentive Units. These are equity-based awards tied to Digital Realty Trust, L.P., providing potential future value linked to the company’s common stock once vesting and parity conditions are met.

What are Long-Term Incentive Units reported in Digital Realty (DLR)’s Form 4?

Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. They may later gain full parity with common partnership units, and vested units at parity can be converted into units that are redeemable for cash or Digital Realty common shares.

How many Long-Term Incentive Units does VeraLinn Jamieson hold after this Digital Realty (DLR) transaction?

After this grant, VeraLinn Jamieson holds 13,254 Long-Term Incentive Units. This total reflects her direct position in these profits interest units, which can potentially be converted into common partnership units and then redeemed for cash or shares, subject to plan terms.

How can Digital Realty (DLR) Long-Term Incentive Units ultimately be settled?

Once vested and at full parity, each Long-Term Incentive Unit may be converted into one common partnership unit. That unit is redeemable for cash equal to the fair market value of one Digital Realty share or, at the issuer’s election, one share of common stock.

Do the Long-Term Incentive Units in Digital Realty (DLR)’s filing automatically match common units?

No. The profits interest units may initially lack full parity with common partnership units for liquidating distributions. Upon specified events, they may achieve full parity, after which they can be converted into common units on a one-for-one basis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jamieson VeraLinn

(Last) (First) (Middle)

2323 BRYAN STREET

STE. 1800

(Street)

DALLAS TEXAS 75201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DIGITAL REALTY TRUST, INC. [ DLR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Long-Term Incentive Units(1)	(1)	03/31/2026		A		152		(1)	(2)	Common Stock	152	$0	13,254	D

Explanation of Responses:

1. 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.

2. N/A

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.

	/s/ Salini Nandipati, Attorney-in-Fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)