Lee Jeannie 4

4 · DIGITAL REALTY TRUST, INC. · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Digital Realty (DLR) EVP Jeannie Lee Receives 5,324-Unit Award

What Happened

Jeannie Lee, EVP and General Counsel of Digital Realty Trust, was granted 5,324 Long‑Term Incentive Units (profits interest units) on 2026-03-13. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0, so the reported transaction value is $0. This is a compensatory award rather than an open‑market purchase or sale.

Key Details

Transaction date: 2026-03-13; Form 4 filed 2026-03-17.
Award: 5,324 profits interest units at $0.00 (derivative award).
Vesting: Units vest in two equal annual installments beginning March 15, 2027; vested units have no expiration.
Conversion/redemption: Profits interest units may achieve parity with common limited partnership units 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, for shares of the issuer’s common stock. (See footnotes F1–F2.)
Shares owned after transaction: not specified in the filing.
Filing note: This Form 4 states the transaction is also being reported concurrently on a Form 4 for the Operating Partnership.

Context

This is a standard equity compensation grant (compensatory award) to a senior executive, not a market purchase or sale. As a profits interest (derivative) grant, value realization depends on vesting and future parity/conversion conditions rather than an immediate cash or stock transfer.

Form 4

Period: 2026-03-13

EVP, GENERAL COUNSEL

Transactions

Award
Long-Term Incentive Units
[F1][F2]
2026-03-13+5,324→ 68,579 total
→ Common Stock (5,324 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]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