Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 83

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 83
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holders' EquityThe table below summarizes the share activities of the Company's preferred stock and common stock.Number of Shares(In thousands)Preferred StockClass A Common StockClass B Common StockShares outstanding at December 31, 202332,876 163,209 166 Exchange of notes for class A common stock— 673 — Shares issued upon redemption of OP Units— 85 — Settlement of Wafra contingent consideration (1)— 1,020 — Equity awards issued, net of forfeitures— 1,465 — Shares canceled for tax withholding on vested equity awards— (400)— Shares outstanding at March 31, 202432,876 166,052 166 Shares outstanding at December 31, 202432,876 174,202 150 Shares issued upon redemption of OP Units — 13 — Equity awards issued, net of forfeitures— 2,391 — Shares canceled for tax withholding on vested equity awards— (512)— Shares outstanding at March 31, 202532,876 176,094 150 __________(1)    In connection with the 2022 redemption of Wafra's investment in the Company's investment management business, contingent consideration was payable to Wafra based upon the Company achieving certain fundraising targets through December 31, 2023. The contingent amount was fully paid out, with $90 million paid in cash in March 2023, and the remaining $35 million in March 2024, settled 50% each in shares of the Company's Class A common stock and in cash.

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Preferred StockIn the event of a liquidation or dissolution of the Company, preferred stockholders have priority over common stockholders for payment of dividends and distribution of net assets.The table below summarizes the preferred stock issued and outstanding at March 31, 2025:DescriptionDividend Rate Per AnnumInitial Issuance DateShares Outstanding (in thousands)Par Value (in thousands)Liquidation Preference (in thousands)Earliest Redemption DateSeries H7.125 %April 20158,395 $84 $209,870 Currently redeemableSeries I7.15 %June 201712,867 129 321,668 Currently redeemableSeries J7.125 %September 201711,614 116 290,361 Currently redeemable32,876 $329 $821,899