Ronald P. Spogli - 31 Dec 2024 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Steven C. Babinski, Attorney-in-Fact
Issuer symbol
PSA
Transactions as of
31 Dec 2024
Net transactions value
+$43,766
Form type
4
Filing time
03 Jan 2025, 15:10:56 UTC
Previous filing
01 Oct 2024
Next filing
28 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSA Common Shares Award $42,520 +142 +1.1% $299.44 12,793 31 Dec 2024 Direct F1, F2
transaction PSA Common Shares Award $1,246 +4 +0.03% $299.44 12,797 31 Dec 2024 Direct F3, F4
holding PSA Common Shares 2,000 31 Dec 2024 By Trust F5
* 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 Mr. Spogli 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 on January 1st of the calendar year following Mr. Spogli's separation from service as a trustee or (ii) in a lump sum upon Mr. Spogli's earlier death or disability or upon an earlier change of control of the Company. In accordance with Mr. Spogli's election, dividend equivalents paid on these DSUs will be issued as additional DSUs.
F2 Includes 2,629.98 DSUs.
F3 Grant of fully-vested DSUs issued in lieu of dividend equivalents pursuant to the participant's elections.
F4 Includes 2,634.14 DSUs.
F5 By Ronald P. Spogli as trustee.