MOHEBBI AFSHIN 4
4 · DIGITAL REALTY TRUST, INC. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Digital Realty (DLR) Director Afshin Mohebbi Receives Award
What Happened Afshin Mohebbi, a director of Digital Realty Trust, Inc. (DLR), received a grant of 1,289 long-term incentive units (reported as a derivative award) on May 29, 2026. The units were reported at $0.00 (no cash payment). These are profits interest units in Digital Realty Trust, L.P. (the Operating Partnership), not a cash purchase or open-market trade.
Key Details
- Transaction date: 2026-05-29; Form filed 2026-06-02 (filed within the standard two-business-day window).
- Award: 1,289 long-term incentive/profits interest units; reported price $0.00 (derivative award).
- Post-transaction ownership: not specified in the provided summary.
- Footnote F1: These are profits interest units in the Operating Partnership that can, upon specified events, achieve parity with common limited partnership units and then be converted 1-for-1 into common units. Common units may be redeemed for cash based on fair market value or converted into shares of the issuer’s common stock (issuer’s election).
- Footnote F2: Awards vest on the earlier of (i) the first anniversary of the grant date or (ii) the day before the next annual meeting of stockholders following the grant; vested units that have achieved parity have no expiration.
- Remarks: The same information was filed concurrently on a Form 4 for the Operating Partnership.
Context This was a non-cash equity award (an incentive/derivative grant), which is typically part of compensation or director retention programs and not an open-market buy or sell. Such grants do not necessarily signal personal buying or selling intent. The units have conversion and redemption mechanics that can ultimately tie them to issuer stock value once conditions for parity and vesting are met.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-05-29+1,289→ 15,013 total→ Common Stock (1,289 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]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.