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Digital Realty (DLR) director receives 1,815 long-term incentive units as equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Digital Realty Trust director Mary Hogan Preusse received a grant of long-term incentive units as equity compensation. On May 29, 2026, she was awarded 1,815 Long-Term Incentive Units, each tied to an equal number of common shares, at a grant price of $0.00 per unit.

These 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 and become convertible into common units on a 1-for-1 basis. Following this award, she directly holds 13,189 long-term incentive units in total.

The award vests on the earlier of the first anniversary of the grant date or the day before the next annual meeting of stockholders, and vested units have no expiration date. This filing reflects a routine compensation-related acquisition rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Preusse Mary Hogan
Role null
Type Security Shares Price Value
Grant/Award Long-Term Incentive Units 1,815 $0.00 --
Holdings After Transaction: Long-Term Incentive Units — 13,189 shares (Direct, null)
Footnotes (1)
  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. Awards vest on the earlier of (i) the first anniversary of the grant date or (b) the day before the date of the next annual meeting of stockholders of the Company to occur following the grant date. The vested profits interest units have no expiration date.
Long-Term Incentive Units granted 1,815 units Grant on May 29, 2026
Grant price per unit $0.00 per unit Equity compensation award
Units held after transaction 13,189 units Total Long-Term Incentive Units directly held
Underlying common stock 1,815 shares Underlying security for granted units
Long-Term Incentive Units financial
"Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P."
profits interest units financial
"Profits interest units may initially not have full parity with common limited partnership units"
Common Units financial
"profits interest units may achieve full parity with Common Units for all purposes"
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 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.
annual meeting of stockholders financial
"the day before the date of the next annual meeting of stockholders of the Company"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Preusse Mary Hogan
(Last)(First)(Middle)
601 W. 2ND STREET
FLOOR 32
(Street)
AUSTIN TEXAS 78701
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Long-Term Incentive Units(1)(1)05/29/2026A1,815(2) (1) (2)Common Stock1,815$013,189D
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. Awards vest on the earlier of (i) the first anniversary of the grant date or (b) the day before the date of the next annual meeting of stockholders of the Company to occur following the grant date. The vested profits interest units have no expiration date.
Remarks:
The changes in beneficial ownership reported on this Form 4 for the Issuer are as a result of the same transactions reported in the Form 4 for Operating Partnership.
/s/ Salini Nandipati, Attorney-in-Fact06/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DIGITAL REALTY TRUST (DLR) report for Mary Hogan Preusse?

DIGITAL REALTY TRUST reported that director Mary Hogan Preusse received 1,815 Long-Term Incentive Units on May 29, 2026. These units were granted at $0.00 per unit as equity compensation and increase her direct holdings of similar units to a total of 13,189.

How many Long-Term Incentive Units were granted to the DLR director and at what price?

The director received a grant of 1,815 Long-Term Incentive Units at a price of $0.00 per unit. Each unit corresponds to an equal number of underlying common stock shares, providing equity-based compensation without any cash outlay required from the director.

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., the company’s operating partnership. They may initially lack full parity with common units but can, after specified events, reach full parity and then convert 1-for-1 into common units redeemable for cash or common stock.

When do the Long-Term Incentive Units granted to the DLR director vest?

The awarded Long-Term Incentive Units vest on the earlier of the first anniversary of the grant date or the day before the next annual meeting of stockholders. Once vested and parity conditions are met, these units can be converted into common units without an expiration date.

How many Long-Term Incentive Units does the DLR director hold after this grant?

After the May 29, 2026 grant, the director holds a total of 13,189 Long-Term Incentive Units directly. This total reflects the newly awarded 1,815 units combined with her prior holdings, as reported in the Form 4 insider transaction filing.

Is this DLR insider transaction an open-market buy or a compensation award?

This insider transaction is a compensation-related award, not an open-market buy or sell. The Form 4 classifies it as a grant or award acquisition of derivative Long-Term Incentive Units, granted at $0.00 per unit as part of the director’s equity compensation.