AI English summary of an SEC filing — figures as filed
The company said its Board elected Susan Swanezy as an independent director on April 23, 2024. Her term runs until the 2024 Annual Meeting of Stockholders, and the committees she will serve on have not yet been determined.
Key points
AI summaryThe company said its Board elected Susan Swanezy as an independent director on April 23, 2024. Her term runs until the 2024 Annual Meeting of Stockholders, and the committees she will serve on have not yet been determined.
Digital Realty said Swanezy has more than 30 years of real estate and investment management experience at publicly listed companies, investment banks and private companies. She recently retired as a Partner of Hodes Weill & Associates and sits on the board of AvalonBay Communities, Inc.
The company said Swanezy received profits interest units in its subsidiary operating partnership, Digital Realty Trust, L.P., on the date of her election. The award is a pro rata portion of the $190,000 annual non-employee director equity award and vests on the earlier of the 1 anniversary of the grant date or the day before the next annual meeting of stockholders after the grant date.
The company said Swanezy is eligible for an annual equity award valued at $230,000 at each annual meeting of stockholders after her election, provided she continues to serve as an independent director. She will also receive an annual cash retainer of $85,000, prorated for any partial year of service.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Susan Swanezy Elected as Independent Director
The company said its Board elected Susan Swanezy as an independent director on April 23, 2024. Her term runs until the 2024 Annual Meeting of Stockholders, and the committees she will serve on have not yet been determined.
Source · Based on the filing body and exhibits
Swanezy's Professional Background
Digital Realty said Swanezy has more than 30 years of real estate and investment management experience at publicly listed companies, investment banks and private companies. She recently retired as a Partner of Hodes Weill & Associates and sits on the board of AvalonBay Communities, Inc.
Source · Based on the filing body and exhibits
Profits Interest Units Granted Upon Election
The company said Swanezy received profits interest units in its subsidiary operating partnership, Digital Realty Trust, L.P., on the date of her election. The award is a pro rata portion of the $190,000 annual non-employee director equity award and vests on the earlier of the 1 anniversary of the grant date or the day before the next annual meeting of stockholders after the grant date.
Source · Based on the filing body and exhibits
Annual Equity Award Eligibility and Cash Retainer
The company said Swanezy is eligible for an annual equity award valued at $230,000 at each annual meeting of stockholders after her election, provided she continues to serve as an independent director. She will also receive an annual cash retainer of $85,000, prorated for any partial year of service.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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