Patterson Mark R 4
Research Summary
AI-generated summary
Digital Realty (DLR) Director Mark Patterson Receives Award
What Happened
- Mark R. Patterson, a director of Digital Realty Trust, L.P. (DLR), was granted 1,289 long-term incentive (profits interest) units on 2026-05-29. The units were reported as acquired at $0.00 (transaction code A), meaning this was an award/grant rather than a cash purchase or sale. The filing is a derivative grant rather than an acquisition of common stock.
Key Details
- Transaction date: 2026-05-29; Form filed: 2026-06-02.
- Award size: 1,289 profits interest units; reported price: $0.00; instrument: derivative (profits interest units).
- Shares/units owned after transaction: not specified in this Form 4.
- Footnotes: (F1) These are profits interest units that may be converted into an equal number of common limited partnership units, which in turn are redeemable for cash based on the fair market value of equivalent shares of the General Partner's common stock or, at the General Partner’s election, for shares. (F2) Awards vest on the earlier of one year from grant or the day before the next annual meeting; vested units have no expiration.
- Remarks: This transaction is also being reported concurrently on a Form 4 for Digital Realty Trust, Inc. (the General Partner).
Context
- This is an awarded, derivative grant (not a market purchase or sale). Such grants are common for executive and director compensation and do not by themselves indicate buying or selling sentiment. The units can potentially convert to common units (and then to cash or stock) under the partnership’s terms once vested.