Form 4: Digital Realty Director Sells $656K in Stock

Digital Realty Trust Director Mary Hogan Preusse sold 4,166 shares of common stock for approximately $656,000 after converting long-term incentive units, as part of a pre-arranged trading plan.

Summary

• Digital Realty Trust, Inc. Director Mary Hogan Preusse reported transactions involving the company's common stock.
• On November 26, 2025, Ms. Preusse converted 4,166 Long-Term Incentive Units (profits interest units in Digital Realty Trust, L.P.) into an equal number of common stock shares at a price of $0.
• On December 1, 2025, Ms. Preusse sold all 4,166 shares of common stock at a weighted average price of $157.42 per share.
• The total value of the shares sold was approximately $656,000.92.
• These transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating a structured and pre-determined sale.
• Following these reported transactions, Ms. Preusse beneficially owns 0 shares of common stock directly.
• Ms. Preusse continues to beneficially own 11,374 Long-Term Incentive Units directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider transaction involving the conversion of incentive units and subsequent sale of common stock. This type of transaction is common for executives and directors and does not inherently signal strong positive or negative sentiment regarding the company's future performance.

Positives

• The transactions were executed under a Rule 10b5-1 plan, which indicates a pre-arranged, non-discretionary trading strategy, often used by insiders to avoid accusations of trading on material non-public information.

Negatives

• Insider selling, even if pre-planned, can sometimes be viewed with caution by investors, though the amount in this filing is not exceptionally large relative to the company's market capitalization.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ('Operating Partnership'), of which the Issuer is the general partner. The conversion of these units into common stock of the Issuer is a transaction between the director and an entity related to the Issuer.

Stakeholder Impact

• Shareholders: The impact on shareholders is minor, as this is a routine, pre-planned insider sale following the vesting of incentive compensation. It does not suggest a significant change in the company's strategic direction or financial health.

Key Dates

Keywords

DLR, Digital Realty Trust, insider trading, Form 4, stock sale, director, equity, 10b5-1 plan, long-term incentive units