Jamieson VeraLinn 4
4 · DIGITAL REALTY TRUST, L.P. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Digital Realty (DLR) Director Jamieson VeraLinn Receives 1,289-Unit Award
What Happened
Jamieson VeraLinn, a director of Digital Realty Trust, L.P. (DLR), was granted 1,289 long-term incentive units (recorded as a derivative award) on May 29, 2026. The units were granted at a $0.00 acquisition price (compensation award rather than a market purchase). These profits interest units can convert into common limited partnership units and are ultimately redeemable for cash based on fair market value or, at the General Partner’s election, for shares of the General Partner’s common stock.
Key Details
- Transaction date: 2026-05-29; filing date: 2026-06-02 (filing appears to be within the typical two-business-day Form 4 deadline).
- Award: 1,289 long-term incentive (profits interest) units; acquisition price reported as $0.00.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote F1: Profits interest units may convert into an equal number of common limited partnership units; common units are redeemable for cash based on fair market value or for GP common stock (subject to adjustments).
- Footnote 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 following the grant; vested units have no expiration.
- Remark: The change is also being reported concurrently on a Form 4 for the General Partner.
Context
This was a compensation grant (an award of derivative units), not an open-market purchase or sale. Derivative awards like profits interest units may convert into equity or cash later, so they do not represent an immediate purchase or sale of common stock. Such grants are common as long-term incentive compensation for directors and executives.
Insider Transaction Report
- Award
Long-Term Incentive Units
[F1][F2]2026-05-29+1,289→ 14,543 total→ Common Units (1,289 underlying)
Footnotes (2)
- [F1]Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner'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.