---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014995"
form_type: "8-K"
ticker: "DLR"
cik: "0001297996"
company_name: "DIGITAL REALTY TRUST, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:15:36.924532+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-014995
- form_type: 8-K
- ticker: DLR
- cik: 0001297996
- company_name: DIGITAL REALTY TRUST, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297996/000155837023014995/0001558370-23-014995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297996/000155837023014995/dlr-20230810x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014995
- JSON: https://secwatch.observer/filing/0001558370-23-014995.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014995.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.