LAPERCH WILLIAM G 4
Research Summary
AI-generated summary
Digital Realty (DLR) Director William Laperch Receives Award — 1,289 Units
What Happened
- William G. Laperch, a director of Digital Realty Trust, Inc. (DLR), was granted 1,289 long-term incentive units on May 29, 2026. The units were awarded as a derivative profits-interest grant at $0.00 per unit (no cash paid).
Key Details
- Transaction date: 2026-05-29 (Period of Report: 2026-05-29). Transaction code: A (award/grant).
- Shares/units granted: 1,289 profits interest units; reported acquisition price: $0.00 (derivative award), total cash value at grant: $0.
- Shares owned after transaction: Not specified in the filing excerpt provided.
- Footnotes of note:
- F1: These are profits interest units in the Operating Partnership that can, upon certain events, achieve full parity with common limited partnership units and then convert 1-for-1 into Common Units. Common Units can be redeemed for cash based on fair market value or, at the issuer’s election, converted into an equal number of DLR common shares (subject to usual adjustments).
- 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 have no expiration.
- Filing remark: This Form 4 was filed to report the same information being reported concurrently on a Form 4 for the Operating Partnership.
- Timeliness: Filing does not indicate a late report.
Context
- This was a compensation/award grant (not a purchase or sale). Grants like this compensate insiders and do not necessarily signal a buying/selling intent. Because these are profits interest units (derivative awards), they may convert into equity-like Common Units or be redeemed for cash or shares in the future under the conditions described in the footnotes.