Digital Realty (DLR) director receives 152 Long-Term Incentive Units grant
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Swanezy Susan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Units | 152 | $0.00 | -- |
Holdings After Transaction:
Long-Term Incentive Units — 3,568 shares (Direct)
Footnotes (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. 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
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.
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.