JOHN REYES - 30 Jun 2025 Form 4 Insider Report for Public Storage (PSA)

Role
Director
Signature
/s/ Steven C. Babinski, Attorney-in-Fact
Issuer symbol
PSA
Transactions as of
30 Jun 2025
Net transactions value
+$33,156
Form type
4
Filing time
01 Jul 2025, 17:12:12 UTC
Previous filing
09 May 2025
Next filing
02 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
REYES JOHN Director C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE /s/ Steven C. Babinski, Attorney-in-Fact 01 Jul 2025 0001227389

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSA Common Shares Award $33,156 +113 +4% $293.42 2,948 30 Jun 2025 Direct F1, F2
holding PSA Common Shares 154,685 30 Jun 2025 By Trust F3
* 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.
F2 Includes 2,948 DSUs.
F3 Reporting person and spouse, trustees of Reyes Trust, date December 27, 2012.