Sundar PichaiSundar Pichai earned $164M in 2023

Andrew P. Power is the current CEO of Digital Realty Trust, Inc., a major player in the global data center industry since December 2022. Before stepping into the CEO role, he was the Chief Financial Officer for the company from...

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Andrew P. Power

CEO of Digital Realty

Education

Bachelor of Science in Analytical Finance from Wake Forest University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1981 - 44 years ago

CEO of Digital Realty for

2 years 3 months (Dec 2022 - Present)

Previous Experience

Chief Financial Officer of Digital Realty Trust, Inc. since 2015, Managing Director at Bank of America Merrill Lynch

Holdings

See how much did Andrew P. Power make over time.

As of late 2023, Andrew P. Power holds a significant stake in Digital Realty, reflecting his confidence in the company's future. His wealth has fluctuated, particularly during his time as CFO, where he saw steady growth in his holdings. With...

Total Stock Sold

$9.36M

DLR

$9.36M

67,500 DLR shares

What if they kept their stock?

If Andrew P. Power didn't sell their stock, today they would have:
Extra DLR67,500 shares worth $9.84M.
This is 5.15% and $482.44K more than what they got when they sold the stock.

Charitable Transactions

DLR

20 shares

DLR

Recent Charitable Transactions

DLR

20 shares

DLR

Dec 31, 2021

Charity

Insider Trading

See recent insider trades of Andrew P. Power.

DLR

$2.40M

DLR at $155.00/share

Oct 8, 2020

Sale

DLR

20 shares

DLR

Dec 31, 2021

Charity

DLR

$2.58M

DLR at $147.50/share

Apr 8, 2020

Sale

DLR

$1.75M

DLR at $140.00/share

Mar 30, 2020

Sale

DLR

$2.63M

DLR at $119.63/share

Dec 2, 2019

Sale

Compensation History

See how much did Andrew P. Power make over time.

In 2023, Andrew P. Power's total compensation package reached over $12.3 million, which included a base salary of $802,308. He received a performance bonus of $1.81 million, surpassing his target due to remarkable company performance. Additionally, Andrew was awarded long-term incentive units worth approximately $3.4 million, which are designed to align his interests with those of the shareholders over time. His employment agreement includes provisions for substantial severance and benefits if his position were to change, thus emphasizing the company's dedication to retaining strong leadership. This structure illustrates a well-thought-out compensation philosophy that aims to motivate executives while prioritizing company performance and growth targets.

Year

2023

Total Compensation

$6.80M

Salary

$802.31K

Board Justification

The compensation program is designed to attract, retain, and motivate executives while aligning their interests with stockholder value through performance-based incentives.

Bonus

$1.81M

Board Justification

Annual incentive bonus earned based on the attainment of corporate and individual performance goals for 2023, representing 113% of the target bonus.

Other

$790.92K

Board Justification

Includes insurance premiums, distributions from unvested long-term incentive awards, retirement match, and other benefits.

Restricted Stock

$3.40M(33.91K PIUs)

Board Justification

Time-based long-term incentive awards granted in 2023, which are subject to time-vesting over four years, with 25% vesting each year.

Performance Metrics

Core FFO per share, SS NOI growth, leverage, and individual performance goals.

Other Digital Realty CEOs

Here are other CEOs of Digital Realty