Public Storage 4

Public Storage trustee Ronald L. Havner Jr. received small, fully vested DSU and LTIP Unit awards on June 30, 2026 as part of routine non-management trustee compensation and deferral programs, rather than buying or selling shares on the open market.

On June 30, 2026, Public Storage trustee Ronald L. Havner Jr. received routine equity-based compensation rather than trading in the open market. He was granted 3.95 fully vested deferred share units (DSUs) tied to Public Storage common shares, representing approximately $1,294 in dividend-equivalent value based on an implied price of about $327 per share, and 95 fully vested LTIP Units in Public Storage OP, L.P., valued at roughly $31,000 using the company’s share price context. Following these awards, Havner holds 6,730.54 common shares directly (including 2,730.54 deferred share units and 4,000 deferred RSUs), plus 317,787 common shares indirectly via the Havner Family Trust and 1,900 shares via his spouse’s IRA, for an estimated direct-and-deferred common share value of about $2.2 million at the current market price, with additional indirect holdings via trust and IRA not fully quantified here. Both the DSU and LTIP awards are part of the company’s Non-Management Trustee Compensation and Deferral Programs and are structured to settle in common shares or equivalent value upon separation, death, disability, or change of control, and therefore appear to be standard compensation and deferral elections rather than discretionary bullish or bearish trading.

Filing Facts

CIK

1393311

Ticker

PSA

Form

4

Source Type

sec

Accession

0001227384-26-000015

Alert Tier

5