secwatch.observer — SEC 8-K summary
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Issuer:     DIGITAL REALTY TRUST, INC. (DLR)
CIK:        0001297996
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001558370-23-014995
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297996/000155837023014995/0001558370-23-014995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297996/000155837023014995/dlr-20230810x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014995

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer