Form 4: DigitalBridge Group Director James Keith Brown Acquires Deferred Stock

Director James Keith Brown received deferred stock units from DigitalBridge Group, Inc. related to deferred equity compensation.

Summary

• On April 30, 2024, James Keith Brown, a director of DigitalBridge Group, Inc., acquired 10,258 deferred stock units.
• These units were granted due to Brown's election to defer equity compensation as per the company's non-executive director compensation policy.
• Additionally, Brown received 9 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 Brown's separation from service with the Issuer.
• The initial 10,258 deferred stock units are scheduled to vest on April 30, 2025.
• The amount of Deferred Stock was determined by dividing the fixed grant value of $175,000 by the closing price of the Issuer's common stock on the New York Stock Exchange on the business day prior to the grant date.
• Following the transaction, Brown directly owns 26,297 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of deferred stock aligns the director's interests with the long-term performance of the company.
• The dividend equivalent rights provide additional value to the deferred stock units.

Future Outlook

The deferred stock units will vest on April 30, 2025, and are payable in Class A Common Stock after the reporting person's separation from service with the Issuer.

Industry Context

Deferred stock grants are a common practice in executive compensation to align the interests of directors with the long-term performance of the company. This is especially prevalent in publicly traded companies like DigitalBridge Group.

Comparison to Industry Standards

• Many companies in the real estate and technology sectors use deferred stock units as part of their director compensation packages.
• Companies like American Tower and Equinix also utilize similar equity-based compensation plans to incentivize their board members.
• The vesting schedules and terms of these grants are generally comparable across the industry, with vesting typically occurring over one to three years.

Stakeholder Impact

• Shareholders may view the deferred stock grant positively as it aligns the director's interests with the company's long-term success.

Key Dates