Mercier Matt 4

What Happened
Matt Mercier, Chief Financial Officer of Digital Realty Trust, Inc. (DLR), was granted 2,964 Long-Term Incentive Units (reported as a derivative award) on March 13, 2026. The award is reported at an acquisition price of $0.00 (i.e., a profits interest grant rather than a cash purchase). These units are profits interest units in Digital Realty Trust, L.P. (the Operating Partnership) and are shown as fully vested with no expiration.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17)
• Transaction type/code: Grant / Award (A) — 2,964 units @ $0.00 (derivative interest)
• Shares/units owned after transaction: Not specified in this Form 4 filing
• Footnotes:
  • F1: These are profits interest units in the Operating Partnership; they may achieve full parity with common limited partnership units and, once parity is achieved, can convert 1-for-1 into Operating Partnership common units. Common units are redeemable for cash based on the fair market value of an equivalent number of shares of the issuer’s common stock or, at the issuer’s election, for shares.
  • F2: The units are fully vested and have no expiration date.
• Filing timeliness: Filed on 2026-03-17 for a 2026-03-13 transaction (within the standard two-business-day Form 4 filing window).

Context
This was an equity-based compensation grant (a derivative award), not an open-market purchase or sale. Profits interest units are long-term incentive awards that may eventually convert to common-equity economic exposure or be redeemed for cash/shares based on fair market value; they do not necessarily indicate an immediate purchase or sale of issuer common stock.