Power Andrew 4

4 · DIGITAL REALTY TRUST, L.P. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Digital Realty (DLR) CEO Andrew Power Receives Award

What Happened

Andrew Power, President and CEO of Digital Realty Trust, L.P., was granted 25,750 Long-Term Incentive Units (profits interest units) on March 13, 2026. The award is reported as a derivative grant with an acquisition price of $0.00 (total reported value $0).
This was a compensation award (grant), not a market purchase or sale.

Key Details

Transaction date: 2026-03-13; filing date: 2026-03-17 (filed within the required reporting window).
Grant: 25,750 Long-Term Incentive Units (profits interest units) at $0.00.
Shares owned after transaction: not specified in this Form 4.
Vesting: units vest in two equal annual installments beginning March 15, 2027; vested units have no expiration (see footnote).
Filing note: this Form 4 was filed to report transactions that are also being reported on a Form 4 for the General Partner.

Context

These Long-Term Incentive Units are profits interest units in the operating partnership. They may initially lack full parity with common limited partnership units but can achieve full parity upon specified events and, once vested and at parity, convert 1-for-1 into Common Units. Common Units are redeemable for cash based on fair market value or, at the issuer’s election, exchanged for common stock. This grant is standard equity compensation for executives and does not reflect an open-market buy or sell.

Form 4

Period: 2026-03-13

PRESIDENT AND CEO

Transactions

Award
Long-Term Incentive Units
[F1][F2]
2026-03-13+25,750→ 515,840 total
→ Common Units (25,750 underlying)

Footnotes (2)

[F1]Long-Term Incentive Units are profits interest units in the Issuer of which the Digital Realty Trust, Inc. is the general partner (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.
[F2]The units will vest in two equal annual installments beginning on March 15, 2027. The vested profits interest units have no expiration date.

Signature

/s/ Salini Nandipati, Attorney-in-Fact|2026-03-17

1 file