Jamieson VeraLinn 4
Research Summary
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Digital Realty (DLR) Director Jamieson VeraLinn Receives Award
What Happened
- Jamieson VeraLinn, a director of Digital Realty Trust, Inc. (DLR), was granted 1,289 Long‑Term Incentive Units (profits interest units in Digital Realty Trust, L.P.) on May 29, 2026. The units were acquired at $0.00 (award/derivative grant), so there was no cash paid as part of this transaction.
Key Details
- Transaction date: 2026-05-29; transaction type: Grant/Award (code A).
- Amount: 1,289 long‑term incentive (profits interest) units; acquisition price reported as $0.00.
- Security type: Profits interest units in the Operating Partnership (derivative of the issuer).
- Vesting: Awards vest on the earlier of the first anniversary of the grant date or the day before the next annual meeting; vested units have no expiration (see footnote F2).
- Conversion/redemption: Profits interest units may achieve parity with common limited partnership units and, once vested and pari‑passu, can convert 1‑for‑1 into Common Units; Common Units are redeemable for cash based on fair market value or, at the issuer’s election, for an equal number of the issuer’s common shares (see footnote F1).
- Filing note: This Form 4 was filed to report changes that are also reported on a Form 4 for the Operating Partnership.
Context
- This was a compensation award, not an open‑market purchase or sale of company common stock; it does not indicate any immediate sale of shares. Because these are partnership profit‑interest units that may later convert or be redeemed for cash or stock, they can have future economic value and potential dilution implications if converted into common equity.