Shroff Michelle Millstone - Dec 31, 2021 Form 4 Insider Report for Public Storage (PSA)

Role: Director
Signature: Nathaniel A. Vitan, Attorney-in-Fact
Stock symbol: PSA
Transactions as of: Dec 31, 2021
Transactions value $: $13,110
Form type: 4
Date filed: 1/3/2022, 07:49 PM
Previous filing: Oct 4, 2021
Next filing: May 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSA	Common Stock	Award	$13.1K	+35	+25.55%	$374.56	172	Dec 31, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of unrestricted stock pursuant to the Company's Non-Management Trustee Compensation and Deferral Program under the Company's 2021 Equity and Performance-Based Incentive Compensation Plan. The number of shares of unrestricted stock represents the quotient of the dollar amount of the cash retainers the reporting person has earned for the applicable calendar quarter divided by the Company's closing stock price on the grant date, rounded up to the nearest share.

Content

Grant of unrestricted stock pursuant to the Company's Non-Management Trustee Compensation and Deferral Program under the Company's 2021 Equity and Performance-Based Incentive Compensation Plan. The number of shares of unrestricted stock represents the quotient of the dollar amount of the cash retainers the reporting person has earned for the applicable calendar quarter divided by the Company's closing stock price on the grant date, rounded up to the nearest share.