Ronald L. Havner Jr - Mar 31, 2024 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol
PSA
Transactions as of
Mar 31, 2024
Transactions value $
-$56,930
Form type
4
Date filed
4/3/2024, 01:52 PM
Previous filing
Mar 6, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSA Common Shares Award $30.2K +104 +1.12% $290.06 9.41K Mar 31, 2024 Direct F1, F2
transaction PSA Common Shares Tax liability -$87.1K -304 -3.23% $286.50 9.11K Apr 1, 2024 Direct F3
holding PSA Common Shares 316K Mar 31, 2024 By Trust F4
holding PSA Common Shares 1.9K Mar 31, 2024 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 (DSUs) 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 DSU represents the right to receive one Company common share. The number of DSUs 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 DSUs, divided by the Company's closing share price on the grant date, rounded up to the nearest DSU. The DSUs 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. In accordance with the reporting person's election, dividend equivalents paid on these DSUs will be issued as additional DSUs.
F2 Includes 2,410 DSUs. 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 Includes 2,410 DSUs. 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. On April 1, 2024, Mr. Havner received the fourth installment of such vested restricted share units and 6,000 remain subject to deferred receipt.
F4 Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust.