Mercier Matt 4
4 · DIGITAL REALTY TRUST, INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Digital Realty (DLR) CFO Matt Mercier Receives 2,964-Unit Award
What Happened
Matt Mercier, Chief Financial Officer of Digital Realty Trust, Inc. (DLR), was granted 2,964 Long-Term Incentive Units (reported as a derivative award) on March 13, 2026. The award is reported at an acquisition price of $0.00 (i.e., a profits interest grant rather than a cash purchase). These units are profits interest units in Digital Realty Trust, L.P. (the Operating Partnership) and are shown as fully vested with no expiration.
Key Details
- Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17)
- Transaction type/code: Grant / Award (A) — 2,964 units @ $0.00 (derivative interest)
- Shares/units owned after transaction: Not specified in this Form 4 filing
- Footnotes:
- F1: These are profits interest units in the Operating Partnership; they may achieve full parity with common limited partnership units and, once parity is achieved, can convert 1-for-1 into Operating Partnership common units. Common units are redeemable for cash based on the fair market value of an equivalent number of shares of the issuer’s common stock or, at the issuer’s election, for shares.
- F2: The units are fully vested and have no expiration date.
- Filing timeliness: Filed on 2026-03-17 for a 2026-03-13 transaction (within the standard two-business-day Form 4 filing window).
Context
This was an equity-based compensation grant (a derivative award), not an open-market purchase or sale. Profits interest units are long-term incentive awards that may eventually convert to common-equity economic exposure or be redeemed for cash/shares based on fair market value; they do not necessarily indicate an immediate purchase or sale of issuer common stock.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-03-13+2,964→ 84,590 total→ Common Stock (2,964 underlying)
Footnotes (2)
- [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.
- [F2]Such units are fully vested. The vested profits interest units have no expiration date.