Digital Realty director granted 152 incentive units

DIGITAL REALTY TRUST, INC. director Susan Swanezy received a grant of 152 Long-Term Incentive Units on common stock as compensation.

Accepted by SEC EDGAR 04/02/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

DIGITAL REALTY TRUST, INC. director Susan Swanezy received a grant of 152 Long-Term Incentive Units on common stock as compensation. These derivative units were awarded at a price of $0.00 per unit, increasing her directly held Long-Term Incentive Units to 3,568.

The Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. that may, after certain conditions are met, reach full parity with common partnership units. Once vested and at parity, they can convert 1-for-1 into Common Units, which are in turn redeemable for cash or an equal number of shares of the company’s common stock.

Insider Trade Summary

Grant/Award: 152 shares

Grant/Award 1 txn

Insider Swanezy Susan

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 — 3,568 contracts (Direct)

Holdings Before and After: Long-Term Incentive Units, 3,416 to 3,568 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

Incentive units granted: 152 Long-Term Incentive Units Grant price: $0.00 per unit Units held after grant: 3,568 Long-Term Incentive Units +1 more

4 metrics

Incentive units granted 152 Long-Term Incentive Units Grant/award acquisition on March 31, 2026

Grant price $0.00 per unit Compensation-related Long-Term Incentive Units

Units held after grant 3,568 Long-Term Incentive Units Total directly held following the transaction

Conversion ratio 1-for-1 Vested parity units convert into an equal number of Common Units

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.

FMV financial

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

Fair market value (FMV) is the price a willing buyer and a willing seller would agree on for an asset when neither is under pressure and both have full information. For investors, FMV is a baseline for judging whether a stock, bond, property or business is priced reasonably—like checking if a used car’s listed price matches what similar cars actually sell for—so it helps decide whether to buy, sell or hold.

FAQ

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

What insider transaction did DIGITAL REALTY TRUST (DLR) report for Susan Swanezy?

DIGITAL REALTY TRUST reported that director Susan Swanezy received a grant of 152 Long-Term Incentive Units. These derivative awards are tied to common stock and increased her directly held Long-Term Incentive Units to 3,568 following the transaction.

What are Long-Term Incentive Units in DIGITAL REALTY TRUST (DLR)?

Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. They may initially lack full parity with common partnership units, but upon specified events can reach full parity and then convert into Common Units on a 1-for-1 basis.

How can DIGITAL REALTY TRUST (DLR) Long-Term Incentive Units ultimately be settled?

Once vested units reach full parity and convert to Common Units, those Common Units are redeemable for cash based on the fair market value of an equivalent number of shares, or, at the issuer’s election, for an equal number of shares of common stock.

Did Susan Swanezy buy or sell DIGITAL REALTY TRUST (DLR) shares on the market?

The filing shows a grant/award acquisition of 152 Long-Term Incentive Units at $0.00 per unit, rather than an open-market purchase or sale. It is a compensation-related award, not a market trade in the company’s common stock.

How many Long-Term Incentive Units does Susan Swanezy hold after this DLR transaction?

After receiving the 152-unit grant, director Susan Swanezy directly holds a total of 3,568 Long-Term Incentive Units. These units are derivative interests tied to the company’s common stock through the operating partnership structure.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Swanezy Susan

(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	3,568	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)