Form 4: DigitalBridge Group Director Gregory James McCray Receives Stock Grant

Director Gregory James McCray received 10,258 shares of DigitalBridge Group Class A common stock as part of the company's non-executive compensation policy.

Summary

• Gregory James McCray, a director at DigitalBridge Group, Inc., received 10,258 shares of Class A common stock on April 30, 2024.
• The grant was part of DigitalBridge's non-executive compensation policy, related to McCray's re-election to the board.
• The shares are restricted and will vest on April 30, 2025.
• The number of shares was calculated by dividing a fixed grant value of $175,000 by the closing price of DigitalBridge's common stock on the NYSE the day before the grant.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Industry Context

Stock grants to board members are a common practice in publicly traded companies to align their interests with shareholders and incentivize their service.

Comparison to Industry Standards

• Comparing the grant value and vesting schedule to similar companies in the real estate and digital infrastructure sectors would provide context on whether the compensation is competitive.
• Companies like American Tower, Crown Castle, and Equinix also utilize stock grants as part of their director compensation packages.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates