Digital Realty CEO Power gets new employment deal: $800k base, 2x/3x severance

DIGITAL REALTY TRUST, INC.

Amended & restated employment agreement for CEO Andrew Power effective Aug 10, 2023.
Base salary of $800,000; target annual bonus 200% of base, maximum 400% of base.
Term runs through Dec 31, 2025, with automatic one-year renewal unless 60-day notice given.
Severance 2x (3x within 12 months post-change in control) of base plus target bonus; COBRA 18 months; outplacement 12 months.
Equity awards to be governed by standard form; new awards must be no less favorable than grants to similarly situated executives.

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