4//SEC Filing
Sanchack Erich 4
Accession 0001415889-21-000169
CIK 0001494877other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:57 PM ET
Size
9.6 KB
Accession
0001415889-21-000169
Insider Transaction Report
Form 4
Sanchack Erich
EVP, Operations
Transactions
- Award
Long-Term Incentive Units
2021-01-01+3,548→ 26,726 total→ Common Units (3,548 underlying) - Award
Long-Term Incentive Units
2021-01-03+19,734→ 46,460 total→ Common Units (19,734 underlying)
Footnotes (3)
- [F1]Long-Term Incentive Units are profits interest units in the Issuer, of which the Digital Realty Trust, Inc., is the general partner (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 four equal annual installments beginning on February 27, 2022. The vested profits interest units have no expiration date.
- [F3]Reflects an award initially granted on March 1, 2018 that was subject to a performance-based vesting condition which was determined to be satisfied on January 3, 2021. The number of units reported herein includes 1718 distribution equivalent units, which vested effective as of December 31, 2020. The remaining 18016 units are subject to an additional time-based vesting condition, pursuant to which 50% of the units will vest annually over two years, beginning on February 27, 2021. The vested profits interest units have no expiration date.
Documents
Issuer
DIGITAL REALTY TRUST, L.P.
CIK 0001494877
Entity typeother
Related Parties
1- filerCIK 0001731163
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:57 PM ET
- Size
- 9.6 KB