Ronald L. Havner Jr. - 30 Jun 2026 Form 4 Insider Report for Public Storage (PSA)

Reporting relationship: Director
Issuer ticker: PSA
Reported as of: 30 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 Jul 2026, 10:49:16 UTC
Prior SEC filing: 01 Jun 2026
Next SEC filing: 30 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Nathaniel A. Vitan, Attorney-in-Fact

Key filing fact

Ronald L. Havner Jr. filed Form 4 for Public Storage (PSA) on 02 Jul 2026.

Key facts

This page summarizes Ronald L. Havner Jr.'s Form 4 filing for Public Storage (PSA).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Jul 2026, 10:49.

Change

Previous filing in this sequence was filed on 01 Jun 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001227384 Primary reporting owner

HAVNER RONALD L JR

Relationship: Director
Address: C/O PUBLIC STORAGE, 2811 INTERNET BOULEVARD, FRISCO
Signature: /s/ Nathaniel A. Vitan, Attorney-in-Fact
Signature date: 02 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PSA transaction

Common Shares

Award

Transaction value
Shares: +4
Change %: +0.06%
Price: $318.31^*
Shares after: 6,731
Date: 30 Jun 2026
Ownership: Direct
Footnotes: F1, F2

PSA holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 317,787
Date: 30 Jun 2026
Ownership: By Trust
Footnotes: F3

PSA holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,900
Date: 30 Jun 2026
Ownership: By Spouse IRA

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSA transaction Derivative

LTIP Units

Award

Transaction value
Shares: +95
Change %: +0.06%
Price
Shares after: 147,794
Date: 30 Jun 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 95
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Grant of fully-vested deferred share units (DSUs) in lieu of dividend equivalents 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 dividend equivalents paid on DSUs for the applicable calendar quarter Mr. Havner has elected to be paid in DSUs, divided by the Company's closing share price on the grant date. The DSUs will be settled in unrestricted common shares (i) in a lump sum upon Mr. Havner's separation from service as a trustee or (ii) in a lump sum upon Mr. Havner's earlier death or disability or upon an earlier change of control of the Company. In accordance with Mr. Havner's election, dividend equivalents paid on these DSUs will be issued as additional DSUs.

Footnote F2

Includes 2,730.54 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. 4,000 remain subject to deferred receipt and are also included here.

Footnote F3

Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust.

Footnote F4

Grant of fully-vested membership interests in Public Storage OP, L.P. ("Public Storage OP"), a subsidiary of the Company, designated as LTIP Units ("LTIP Units"), pursuant to the Company's Non-Management Trustee Compensation and Deferral Program under the Company's Amended and Restated 2021 Equity and Performance-Based Incentive Compensation Plan. The number of LTIP 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 LTIP Units, divided by the Company's closing share price on the grant date, rounded up to the nearest LTIP Unit. [footnote continues]

Footnote F5

[footnote continued] LTIP Units are intended to qualify as profits interests for US federal income tax purposes and are convertible, conditioned upon the satisfaction of minimum allocations to the capital account of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units"). The resulting OP Units may be exchanged by the reporting person for common shares or the equivalent cash value of common shares, as determined by the Company.