Preusse Mary Hogan 4

What Happened

• Mary Hogan, a director of Digital Realty Trust, Inc. (DLR), was granted 1,815 Long‑Term Incentive Units (profits interest units) on 2026-05-29. The award is reported as a derivative grant (code A) with an acquisition price of $0. These profits interest units may not initially have full parity with common limited partnership units but can achieve full parity upon specified events and, once vested and pari‑passu, can be converted 1-for-1 into Operating Partnership common units (which are redeemable for cash or converted into issuer common stock).

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (appears filed within the 2-business‑day window).
• Award: 1,815 Long‑Term Incentive Units (profits interest); reported acquisition price: $0 (derivative).
• Vesting: awards vest on the earlier of (i) the first anniversary of the grant or (ii) the day before the next annual meeting of stockholders after the grant; vested units have no expiration.
• Shares owned after transaction: not specified in the provided excerpt.
• Remarks: Changes in issuer beneficial ownership reflect the same transactions reported on the Operating Partnership’s Form 4.

Context

• This is a grant/award (not an open‑market purchase or sale). Profits interest units typically carry no upfront purchase price and only realize value if partnership performance or specified events occur; they can convert into common partnership units and ultimately into cash or issuer shares per plan terms. This type of award is a routine form of equity compensation for directors and executives.