Form 4: DigitalBridge Group Director Shaka Rasheed Receives Deferred Stock Units

Director Shaka Rasheed received deferred stock units from DigitalBridge Group, Inc. as part of their non-executive director compensation policy.

Summary

• Shaka Rasheed, a director of DigitalBridge Group, Inc., received deferred stock units on April 30, 2024.
• These units were granted as part of the company's non-executive director compensation policy, reflecting Rasheed's re-election to the board.
• A total of 10,258 deferred stock units were granted, determined by dividing a fixed grant value of $175,000 by the closing price of DigitalBridge's common stock the day before the grant.
• Additionally, 17 deferred stock units were granted pursuant to dividend equivalent rights on previously granted deferred stock.
• The deferred stock units are payable in Class A Common Stock on a one-for-one basis after Rasheed's separation from service with the Issuer and are scheduled to vest on April 30, 2025.
• Following the transaction, Rasheed directly owns 39,406 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for corporate governance.

Positives

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

Future Outlook

The deferred stock units are 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 related to director compensation, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with equity grants like deferred stock units being a common component.
• The vesting schedule and terms of the deferred stock units are typical for director compensation plans.
• Comparing DigitalBridge's director compensation practices with those of peers in the real estate and digital infrastructure sectors would provide further context.

Stakeholder Impact

• The grant of deferred stock units aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The compensation structure may influence employee morale by demonstrating a commitment to rewarding leadership.

Key Dates