Digital Realty (NYSE: DLR) awards long-term incentive units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Digital Realty Trust director VeraLinn Jamieson received a grant of 152 Long-Term Incentive Units on Common Stock as part of equity-based compensation. These units are profits interest units in Digital Realty Trust, L.P. that can, after meeting specified conditions, reach full parity with common partnership units.
Once vested and at full parity, each unit may be converted into one common partnership unit, which is redeemable for cash based on the fair market value of one share of Digital Realty Trust common stock or, at the issuer’s election, one share of common stock. Following this grant, Jamieson holds 13,254 Long-Term Incentive Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jamieson VeraLinn
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Units | 152 | $0.00 | -- |
Holdings After Transaction:
Long-Term Incentive Units — 13,254 shares (Direct)
Footnotes (1)
- Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events. N/A
Key Figures
Long-Term Incentive Units granted: 152 units
Long-Term Incentive Units held after grant: 13,254 units
Grant price per unit: $0.0000
+1 more
4 metrics
Long-Term Incentive Units granted
152 units
Grant on 2026-03-31 as equity award
Long-Term Incentive Units held after grant
13,254 units
Total direct holdings following 2026-03-31 transaction
Grant price per unit
$0.0000
Reported transaction price per Long-Term Incentive Unit
Underlying common stock equivalence
1 share per unit
Each vested, parity unit convertible into one Common Unit, then equivalent to one share
Key Terms
Long-Term Incentive Units, profits interest units, Common Units, liquidating distributions, +1 more
5 terms
Long-Term Incentive Units financial
"Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P."
profits interest units financial
"Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P."
Common Units financial
"Vested profits interest units that have achieved full parity with Common Units may be converted"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
liquidating distributions financial
"may initially not have full parity with common limited partnership units ... with respect to liquidating distributions"
Payments made to shareholders from a company’s remaining cash or asset sale proceeds when the business is being wound up or reorganized. Like splitting the money after selling a shared house, these distributions return investors’ capital (often after creditors are paid) rather than representing regular profit payouts, so they matter because they determine how much investors recover and can affect tax treatment and final investment value.
fair market value financial
"Common Units are redeemable for cash based on the FMV of an equivalent number of shares"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
What did Digital Realty (DLR) director VeraLinn Jamieson receive in this Form 4?
VeraLinn Jamieson received a grant of 152 Long-Term Incentive Units. These are equity-based awards tied to Digital Realty Trust, L.P., providing potential future value linked to the company’s common stock once vesting and parity conditions are met.
What are Long-Term Incentive Units reported in Digital Realty (DLR)’s Form 4?
Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. They may later gain full parity with common partnership units, and vested units at parity can be converted into units that are redeemable for cash or Digital Realty common shares.
How many Long-Term Incentive Units does VeraLinn Jamieson hold after this Digital Realty (DLR) transaction?
After this grant, VeraLinn Jamieson holds 13,254 Long-Term Incentive Units. This total reflects her direct position in these profits interest units, which can potentially be converted into common partnership units and then redeemed for cash or shares, subject to plan terms.
How can Digital Realty (DLR) Long-Term Incentive Units ultimately be settled?
Once vested and at full parity, each Long-Term Incentive Unit may be converted into one common partnership unit. That unit is redeemable for cash equal to the fair market value of one Digital Realty share or, at the issuer’s election, one share of common stock.
Do the Long-Term Incentive Units in Digital Realty (DLR)’s filing automatically match common units?
No. The profits interest units may initially lack full parity with common partnership units for liquidating distributions. Upon specified events, they may achieve full parity, after which they can be converted into common units on a one-for-one basis.