Public Storage 4

Non-management trustee Luke J. Petherbridge was awarded 126 LTIP Units (equivalent to common shares) of Public Storage as equity compensation in lieu of cash retainers.

On June 30, 2026, Luke J. Petherbridge received a grant of 126 fully vested LTIP Units in Public Storage OP, L.P. under Public Storage’s Non-Management Trustee Compensation and Deferral Program, representing quarterly cash retainers elected to be paid in equity and valued using the issuer’s closing share price on the grant date; these LTIP Units function as profits interests that are convertible into OP Units and ultimately exchangeable into Public Storage common shares or their cash equivalent, resulting in an equivalent post-transaction beneficial ownership of 126 common shares valued at approximately $41,100 based on the recent market price.

Filing Facts

CIK

1393311

Ticker

PSA

Form

4

Source Type

sec

Accession

0001635270-26-000008

Alert Tier

4