Kornegay Christine Beseda 4
Research Summary
AI-generated summary
Digital Realty (DLR) CAO Christine Kornegay Receives Award, Withholding Sale
What Happened
- Christine Kornegay, Chief Accounting Officer of Digital Realty Trust (DLR), was granted 626 shares on 2026-03-13 valued at $179.61 each (total ~$112,436). On the same date 84 shares were disposed at $179.61 each (total ~$15,087) to satisfy tax withholding related to the award. The award appears to be equity compensation (not an open-market purchase or a sale for investment).
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed on time)
- Award: 626 shares acquired @ $179.61 — value reported $112,436
- Withholding: 84 shares disposed @ $179.61 — proceeds reported $15,087 (code F = tax withholding/payment)
- Shares owned after transaction: not specified in the filing
- Footnote: The units will vest in two equal annual installments beginning March 15, 2027 (i.e., the grant vests over time)
- Filing timeliness: Report filed within the required Form 4 window
Context
- This was an equity award grant with a tax-withholding sale, not an open-market buy or a voluntary sale. The disposal of 84 shares was executed to cover tax liability (a common administrative action) rather than a directional trade. Because the awarded units vest in the future, the shares are subject to vesting conditions and are not immediately free-trading.