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Digital Realty Trust Executive Compensation (FY25)

DLR · Dallas, TX · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 1, 2026
232 figures on this page: 223 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Andrew Power
Latest say-on-pay support
=
May 29, 2026
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Andrew Power: $16,254,114 → $21,071,498 (29.6% higher)
Say-on-pay support: 87.3% → 89.7% (2.4 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Digital Realty Trust's chief executive and what were they paid?
Andrew Power was paid $21,071,498 in total compensation as President & Chief Executive Officer for fiscal 2025. Compared with the $16,254,114 reported for fiscal 2024, Power's total was 29.6% higher.
What was Digital Realty Trust's say-on-pay result?
The say-on-pay proposal drew 89.7% of votes cast for or against in favor at the meeting held May 29, 2026 for fiscal 2025.
Which companies are in Digital Realty Trust's peer group?
The disclosed peer group includes Alexandria Real Estate Equities, American Tower Corporation, Arista Networks, Autodesk, Inc. and Crown Castle International Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Power
President & Chief Executive Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Power
President & Chief Executive Officer
◇◇◇—◇—◇◇
Matthew Mercier
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Power
President & Chief Executive Officer
◇—◇—◇—◇◇
Matthew Mercier
Chief Financial Officer
◇—◇—◇—◇◇
Jeannie Lee
Executive Vice President General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Power
President & Chief Executive Officer
◇—◇—◇—◇◇
Matthew Mercier
Chief Financial Officer
◇—◇—◇—◇◇
Jeannie Lee
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew P. PowerPSU◇◇◇—◇—◇
Andrew P. PowerPSU◇◇◇—◇—◇
Andrew P. PowerRSU◇——◇——◇
Jeannie LeePSU◇◇◇—◇—◇
Jeannie LeeRSU◇——◇——◇
Jeannie LeePSU◇◇◇—◇—◇
Matthew MercierPSU◇◇◇—◇—◇
Matthew MercierPSU◇◇◇—◇—◇
Matthew MercierRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeannie LeeRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Andrew PowerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Matthew MercierPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andrew Power
President & Chief Executive Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Mary Hogan Preusse
Board chair
◇◇————◇
Afshin Mohebbi
◇◇————◇
Kevin J. Kennedy
◇◇————◇
William G. LaPerch
◇◇————◇
Mark R. Patterson
◇◇————◇
Jean F.H.P. Mandeville
◇◇————◇
Susan Swanezy
◇◇————◇
VeraLinn Jamieson
◇◇————◇
Andrew Power served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as LTIP Units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alexandria Real Estate Equities ARE
  • American Tower Corporation AMT
  • Arista Networks ANET
  • Autodesk, Inc. ADSK
  • Crown Castle International Corporation CCI
  • Equinix, Inc. EQIX
  • Equity Residential EQR
  • Fortinet, Inc. FTNT
  • NetApp, Inc. NTAP
  • Palo Alto Networks, Inc. PANW
  • Prologis, Inc. PLD
  • Realty Income Corporation O
  • ServiceNow NOW
  • Simon Property Group, Inc. SPG
  • Synopsys, Inc. SNPS
  • Ventas, Inc. VTR
  • Welltower, Inc. WELL
  • Workday, Inc. WDAY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 29, 2026=◇◇◇
2024June 6, 2025=◇◇◇
2023June 7, 2024=◇◇◇
2022June 8, 2023=◇◇◇
2021June 3, 2022=◇◇◇
2020June 3, 2021=◇◇◇
2019June 8, 2020=◇◇◇
2018May 13, 2019=◇◇◇
2017May 8, 2018=◇◇◇
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What this page does not include

Everything above is a fact Digital Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Digital Realty Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Whether Digital Realty Trust's disclosed peer group is defensible, who names Digital Realty Trust back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
232 figures on this page: 223 cited to the filing that reported them, 9 calculated from figures it prints.
223 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001104659-26-068907
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-26-000296
    Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  3. 0001558370-25-008511
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001308179-25-000509
    Summary Compensation Table
  5. 0001558370-24-009057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001308179-24-000607
    Summary Compensation Table
  7. 0001558370-23-011039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001308179-23-000815
    Summary Compensation Table
  9. 0001558370-22-009813
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001297996-21-000008
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001297996-20-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001558370-20-001906
  13. 0001297996-19-000095
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001297996-18-000097
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Digital Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/DLR (accessed 2026).
Short form: data: Velarion
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Digital Realty Trust discloses

The companies named in DLR's own disclosed peer group.

Alexandria Real Estate EquitiesAmerican Tower CorporationAutodesk, Inc.Crown Castle International CorporationEquinix, Inc.Equity ResidentialFortinet, Inc.NetApp, Inc.Palo Alto Networks, Inc.Prologis, Inc.Realty Income CorporationServiceNowSimon Property Group, Inc.Synopsys, Inc.Ventas, Inc.Welltower, Inc.Workday, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy