Digital Realty Trust (DLR) director granted 1,289 Long-Term Incentive Units in operating partnership

Rhea-AI Filing Summary

DIGITAL REALTY TRUST, INC. director VeraLinn Jamieson received a grant of long-term incentive units in the company’s operating partnership. On May 29, 2026, she was awarded 1,289 Long-Term Incentive Units, bringing her total holdings of these derivative units to 14,543.

These units are structured as profits interest units in Digital Realty Trust, L.P. They may not initially match common partnership units for distributions, but after specified events and vesting they can reach full parity. Once vested and at parity, each unit can be converted into one common partnership unit, which is then redeemable for cash or, at the issuer’s election, an equal number of shares of common stock.

The award vests on the earlier of the first anniversary of the grant date or the day before the next annual stockholder meeting following the grant. The footnotes state that vested profits interest units have no expiration date.

Insights

Equity compensation analyst

Director received routine equity-based compensation via long-term incentive units.

The filing shows director VeraLinn Jamieson receiving 1,289 Long-Term Incentive Units at a grant price of $0.00 per unit. These are profits interest units in the operating partnership, economically linked to the issuer’s common equity over time.

Footnotes explain that once vesting and specified parity conditions are met, each vested unit can convert into one common partnership unit, then be redeemed in cash or, at the issuer’s election, for an equal number of common shares. This creates potential future equity exposure tied to company performance.

The award vests on the earlier of the first anniversary of the May 29, 2026 grant or the day before the next annual stockholder meeting, and the vested units have no expiration date. This structure aligns director incentives with long-term value without indicating any open-market buying or selling activity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jamieson VeraLinn

Role null

Type	Security	Shares	Price	Value
Grant/Award	Long-Term Incentive Units	1,289	$0.00	--

Holdings After Transaction: Long-Term Incentive Units — 14,543 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.

Key Figures

Long-Term Incentive Units granted: 1,289 units Total LTIP units after grant: 14,543 units Grant price per unit: $0.00 +1 more

4 metrics

Long-Term Incentive Units granted 1,289 units Award to director on May 29, 2026

Total LTIP units after grant 14,543 units Director’s holdings following transaction

Grant price per unit $0.00 Compensation grant, not open-market purchase

Underlying common stock equivalence 1,289 shares 1-for-1 underlying common stock per unit

Key Terms

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

4 terms

Long-Term Incentive Units financial

"On May 29, 2026, she was awarded 1,289 Long-Term Incentive Units"

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.

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Form 4 Insider Transactions: What Each Field Means →

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)

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)

X	Director		10% 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)

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)	05/29/2026		A		1,289(2)		(1)	(2)	Common Stock	1,289	$0	14,543	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. 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:

This statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is filed to report information that is also being reported concurrently on a Form 4 for the Operating Partnership.

	/s/ Salini Nandipati, Attorney-in-Fact	06/02/2026
	** 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)

FAQ

What insider transaction did DIGITAL REALTY TRUST (DLR) report for VeraLinn Jamieson?

DIGITAL REALTY TRUST reported that director VeraLinn Jamieson received 1,289 Long-Term Incentive Units on May 29, 2026. These units are equity-based awards in the operating partnership, increasing her total long-term incentive holdings to 14,543 units after this grant.

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 operating partnership. They may later reach full parity with common partnership units and, once vested and at parity, can convert 1-for-1 into common units that are redeemable in cash or common stock.

How do the new Long-Term Incentive Units for DLR’s director vest?

The awards vest on the earlier of the first anniversary of the May 29, 2026 grant date or the day before the company’s next annual stockholder meeting. This vesting schedule ties the director’s compensation horizon to the company’s governance and annual meeting cycle.

Can DIGITAL REALTY TRUST (DLR) Long-Term Incentive Units turn into common stock?

Yes, once the profits interest units vest and achieve full parity with common units, each may be converted into one common partnership unit. Those common units are redeemable for cash or, at the issuer’s election, for an equal number of common stock shares.

Did the DLR director buy or sell shares in the open market?

No open-market buy or sell is reported. The Form 4 shows a grant of 1,289 Long-Term Incentive Units as compensation at a price of $0.00 per unit, rather than a purchase or sale of existing common shares on the market.

What is the director’s total Long-Term Incentive Unit position at DIGITAL REALTY TRUST after this grant?

After receiving 1,289 additional Long-Term Incentive Units, director VeraLinn Jamieson holds a total of 14,543 such units. This reflects her cumulative equity-based incentive position in the operating partnership as reported in this Form 4 filing.