Lee Jeannie 4

What Happened

• Jeannie Lee, EVP and General Counsel of Digital Realty Trust, was granted 5,324 Long‑Term Incentive Units (profits interest units) on 2026-03-13. The award is reported as a derivative grant (transaction code A) with an acquisition price of $0, so the reported transaction value is $0. This is a compensatory award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17.
• Award: 5,324 profits interest units at $0.00 (derivative award).
• Vesting: Units vest in two equal annual installments beginning March 15, 2027; vested units have no expiration.
• Conversion/redemption: Profits interest units may achieve parity with common limited partnership units and, once vested and at parity, 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 shares of the issuer’s common stock. (See footnotes F1–F2.)
• Shares owned after transaction: not specified in the filing.
• Filing note: This Form 4 states the transaction is also being reported concurrently on a Form 4 for the Operating Partnership.

Context

• This is a standard equity compensation grant (compensatory award) to a senior executive, not a market purchase or sale. As a profits interest (derivative) grant, value realization depends on vesting and future parity/conversion conditions rather than an immediate cash or stock transfer.