DAVID J. NEITHERCUT - 28 Apr 2022 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Issuer symbol
PSA
Transactions as of
28 Apr 2022
Net transactions value
$0
Form type
4
Filing time
02 May 2022, 16:10:43 UTC
Previous filing
04 Apr 2022
Next filing
18 May 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PSA Stock Option (Right to Buy) Award $0 +5,000 $0.000000 5,000 28 Apr 2022 Common Stock 5,000 $398.97 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Option granted pursuant to the 2021 Equity and Performance-Based Incentive Compensation Plan. Option vests in three (3) equal annual installments beginning one (1) year from the grant date.
F2 This option to purchase 5,000 shares of common stock becomes exercisable as to one-third on each of April 28, 2023, 2024, and 2025.