KENNEDY KEVIN 4

What Happened
Kevin Kennedy, a director of Digital Realty Trust, L.P. (DLR), was granted 1,289 profits‑interest units (a derivative award) on May 29, 2026. The units were awarded at $0.00 (no cash paid at grant). These are long‑term incentive units that can convert into common limited partnership units and ultimately be redeemable for cash or shares of the General Partner's common stock under the partnership agreement.

Key Details

• Transaction date: 2026-05-29; Grant/award (code A) of 1,289 units at $0.00 (acquired).
• Filing date: 2026-06-02 — filed within the standard 2 business‑day Form 4 reporting window (timely).
• Shares owned after transaction: not specified in this filing.
• Footnote F1: The awarded units are profits interest units; vested units may convert to common units, which are redeemable for cash based on fair market value or, at the General Partner’s election, for shares of the General Partner’s common stock.
• Footnote F2: Awards vest on the earlier of the first anniversary of the grant or the day before the next annual meeting; vested profits interest units have no expiration.
• Remark: The change is also being reported on a concurrent Form 4 for the General Partner.

Context
This was a compensation grant (derivative award), not an open‑market purchase or sale. Such grants are routine for executive/director compensation and do not by themselves signal a personal cash investment or sale.