Ronald L. Havner Jr - Dec 31, 2023 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSA
Transactions as of
Dec 31, 2023
Transactions value $
$30,195
Form type
4
Date filed
1/3/2024, 06:55 PM
Previous filing
Dec 5, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSA Common Shares Award $30.2K +99 +0.23% $305.00 42.4K Dec 31, 2023 Direct F1, F2
holding PSA Common Shares 310K Dec 31, 2023 By Trust F3
holding PSA Common Shares 1.9K Dec 31, 2023 By Spouse IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of fully-vested deferred share units pursuant to the Company's Non-Management Trustee Compensation and Deferral Program under the Company's 2021 Equity and Performance-Based Incentive Compensation Plan. Each deferred share unit represents the right to receive one Company common share. The number of deferred share units granted represents the quotient of the dollar amount of the portion of the cash retainers the reporting person has earned for the applicable calendar quarter and elected to be paid in deferred share units, divided by the Company's closing share price on the grant date, rounded up to the nearest deferred share unit. The deferred share units will be settled in unrestricted common shares (i) in a lump sum upon the reporting person's separation from service as a trustee or (ii) in a lump sum upon the reporting person's earlier death or disability or upon an earlier change of control of the Company.
F2 Includes 33,125 restricted share units and 2,306 deferred share units. Mr. Havner postponed receipt of 10,000 vested restricted share units granted February 19, 2015 with an original vesting date of April 1, 2016 in accordance with the following schedule: 10 equal installments over 10 years starting April 1, 2021 to April 1, 2030. 7,000 remain subject to deferred receipt and are also included here.
F3 Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust.