Power Andrew 4

What Happened

• Andrew Power, President and CEO of Digital Realty Trust, L.P., was granted 25,750 Long-Term Incentive Units (profits interest units) on March 13, 2026. The award is reported as a derivative grant with an acquisition price of $0.00 (total reported value $0).
• This was a compensation award (grant), not a market purchase or sale.

Key Details

• Transaction date: 2026-03-13; filing date: 2026-03-17 (filed within the required reporting window).
• Grant: 25,750 Long-Term Incentive Units (profits interest units) at $0.00.
• Shares owned after transaction: not specified in this Form 4.
• Vesting: units vest in two equal annual installments beginning March 15, 2027; vested units have no expiration (see footnote).
• Filing note: this Form 4 was filed to report transactions that are also being reported on a Form 4 for the General Partner.

Context

• These Long-Term Incentive Units are profits interest units in the operating partnership. They may initially lack full parity with common limited partnership units but can achieve full parity upon specified events and, once vested and at parity, convert 1-for-1 into Common Units. Common Units are redeemable for cash based on fair market value or, at the issuer’s election, exchanged for common stock. This grant is standard equity compensation for executives and does not reflect an open-market buy or sell.