Lee Jeannie 4

What Happened Jeannie Lee, Executive Vice President and General Counsel of Digital Realty Trust, received a grant of 6,092 profits interest units in Digital Realty Trust, L.P. (the Operating Partnership) on February 20, 2026. The reported acquisition price is $0.00 because this is a derivative award (profits interest units), not an open-market purchase. The grant includes 594 distribution-equivalent units that vested effective December 31, 2025; the remaining 5,498 units are subject to additional time-based vesting.

Key Details

• Transaction date: February 20, 2026; transaction type: Award/Grant (derivative).
• Units granted: 6,092 profits interest units; reported value $0 on Form 4.
• Vesting: 594 units vested as of Dec 31, 2025; remaining 5,498 vest 50% per year over two years starting Feb 27, 2026.
• Conversion/rights: Profits interest units may achieve parity with common limited partnership units and, once vested and pari passu, can be converted 1-for-1 into common units; common units are redeemable for cash based on fair market value or, at the issuer’s election, for shares of Digital Realty common stock.
• Filing notes: The Form 4 was filed to report the Operating Partnership transaction concurrently; no late filing is indicated in the report.

Context This is a compensation award (long-term incentive/profits interest units), not a purchase or sale of public stock. Such derivative awards are common for aligning executive pay with partnership performance; vested units do not expire and may convert into equity or cash depending on future conditions. This filing is informational and does not by itself indicate insider sentiment about the company’s stock price.