Patterson Mark R 4
4 · DIGITAL REALTY TRUST, INC. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Digital Realty (DLR) Director Mark Patterson Receives Award
What Happened Mark R. Patterson, a director of Digital Realty Trust, Inc. (DLR), was granted 1,289 Long-Term Incentive Units (profits interest units in the Operating Partnership) on May 29, 2026. The award is reported as a derivative grant at a $0 purchase price (transaction code A) — the filing shows acquisition of 1,289 units with a reported dollar value of $0.
Key Details
- Transaction date: 2026-05-29; Form 4 filed 2026-06-02 (timely filed within required two business days).
- Transaction type: Grant / Award of derivative securities (code A).
- Amount: 1,289 Long-Term Incentive Units; price shown $0; total reported $0.
- Shares/units owned after transaction: Not specified in the filing.
- Footnote highlights:
- F1: These are profits interest units in Digital Realty Trust, L.P. They may not initially have full parity with Common Units but can achieve full parity and convert 1-for-1 to Common Units; Common Units can be redeemed for cash based on fair market value or exchanged for shares of DLR common stock.
- 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; vested units have no expiration.
- Remarks: The Form 4 notes the information is also reported on a concurrent Form 4 for the Operating Partnership.
Context This filing reports a compensation grant (derivative award), not an open-market purchase or sale. Grants recorded at $0 are common for profits interest awards and do not necessarily reflect no economic value — they can provide future value if/when units vest and attain parity with Common Units (and are converted or redeemed). Such awards are routine executive/director compensation and should not be interpreted as an immediate buy or sell signal.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-05-29+1,289→ 15,509 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.