Form 4: DigitalBridge Director Jon A. Fosheim Reports Acquisition of Deferred Stock

Director Jon A. Fosheim reports acquisition of deferred stock units and dividend equivalent rights convertible to Class A Common Stock of DigitalBridge Group, Inc.

Summary

• On April 30, 2024, Jon A. Fosheim, a director of DigitalBridge Group, Inc., acquired 10,258 deferred stock units.
• These deferred stock units were granted as part of his election to defer equity compensation related to his re-election to the board.
• Additionally, he acquired 48 deferred stock units pursuant to dividend equivalent rights on previously granted deferred stock.
• The deferred stock is payable in Class A Common Stock on a one-for-one basis after his separation from service with the Issuer.
• The initial 10,258 deferred stock units are scheduled to vest on April 30, 2025.
• Following these transactions, Fosheim directly owns 96,867 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns interests with shareholders.

Positives

• The acquisition of deferred stock aligns the director's interests with the long-term performance of the company.
• The dividend equivalent rights further enhance the value of the deferred stock units.

Future Outlook

The deferred stock units will be payable in Class A Common Stock after the reporting person's separation from service with the Issuer.

Industry Context

This filing is a routine disclosure of a director's compensation in the form of deferred stock, which is a common practice in publicly traded companies to align management's interests with shareholders.

Comparison to Industry Standards

• Deferred stock units are a common form of equity compensation for directors in publicly traded companies, similar to practices at companies like American Tower or Crown Castle, where directors often receive a portion of their compensation in stock or stock-based awards.
• The vesting schedule and conversion terms are typical for such awards, aligning with industry standards for director compensation packages.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates