Brown James Keith 4

What Happened
James K. Brown, a director of DigitalBridge Group, Inc. (DBRG), was granted 11,190 deferred stock units on 2026-06-01 as part of the issuer's non‑executive director compensation. The grant has a fixed grant value of $175,000 (implying an approximate per‑unit price of $175,000 / 11,190 ≈ $15.64). This transaction is an award (code A), not an open‑market buy or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (timely).
• Grant: 11,190 Deferred Stock units; no per‑share trade price reported (value set at $175,000).
• Vesting/payable: Scheduled to vest on 2027-06-01. Deferred Stock is payable one‑for‑one in the Issuer’s Class A Common Stock after the reporting person’s separation from service. Deferred Stock has no expiration date.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains these are deferred stock units from an election to defer director compensation; F2 describes payout mechanics (one‑for‑one in Class A shares after separation, vesting date).
• Transaction code: A = Award/Grant (derivative units).

Context
This is a routine director compensation award (deferred units), not a purchase or sale. Deferred stock units do not represent immediately tradable shares; they convert to common stock per the terms (after vesting and upon separation as noted). Such grants are common for non‑executive directors and should be viewed as compensation rather than a direct buy/sell signal about the insider’s view of the company.