Public Storage (NYSE: PSA) details 2026 shareholder votes and board roles

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What did Public Storage (PSA) announce from its 2026 Annual Meeting?

Which Public Storage trustees received the highest shareholder support in 2026?

How many proposals did Public Storage shareholders vote on in 2026?

What were the overall vote totals on Public Storage’s second 2026 proposal?

How did shareholders vote on Public Storage’s third 2026 proposal?

Which committee chairs did Public Storage’s Board designate after the 2026 meeting?

Who is the Chairman of Public Storage’s Board after the 2026 Annual Meeting?

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8-K

Public Storage reported the results of its 2026 Annual Meeting of Shareholders held on May 6, 2026. Shareholders voted on three proposals described in the company’s March 27, 2026 proxy statement, including the election of the Board of Trustees and two additional management proposals.

All trustee nominees received strong majority support, with most candidates receiving over 150 million votes in favor. Separate shareholder votes on the second and third proposals also drew substantial “for” votes, with far more support than opposition.

After the meeting, the Board approved updated committee assignments, naming Luke Petherbridge, Avedick B. Poladian, and Kristy M. Pipes as chairs of the Audit, Compensation and Human Capital, and Nominating, Governance and Sustainability Committees, respectively. The Board also re-appointed Shankh S. Mitra as Chairman.

2 items: 5.07, 8.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Votes for H. Thomas Boyle: 157,834,132 votes Votes for Shankh S. Mitra: 119,776,622 votes Proposal 2 votes for: 153,511,123 votes +3 more

6 metrics

Votes for H. Thomas Boyle 157,834,132 votes Trustee election at 2026 Annual Meeting

Votes for Shankh S. Mitra 119,776,622 votes Trustee election at 2026 Annual Meeting

Proposal 2 votes for 153,511,123 votes Second proposal at 2026 Annual Meeting

Proposal 2 votes against 4,450,802 votes Second proposal at 2026 Annual Meeting

Proposal 3 votes for 153,317,363 votes Third proposal at 2026 Annual Meeting

Proposal 3 votes against 10,957,104 votes Third proposal at 2026 Annual Meeting

Broker Non-Votes, Cumulative Preferred Share, Emerging growth company, Audit Committee, +1 more

5 terms

Broker Non-Votes financial

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

Emerging growth company regulatory

"Emerging growth company On May 6, 2026, Public Storage"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Audit Committee financial

"Audit Committee | | Compensation and Human Capital Committee"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Nominating, Governance and Sustainability Committee financial

"Nominating, Governance and Sustainability Committee Luke Petherbridge (Chair)"

Understanding 8-K Material Events →

05/11/2026 - 06:10 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 6, 2026

PUBLIC STORAGE

(Exact name of registrant as specified in its charter)

Maryland

001-33519

93-2834996

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)


2811 Internet Boulevard
Frisco, Texas		75034
(Address of principal executive offices)		(Zip Code)

(469) 649-9486

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Class	Trading Symbol	Name of exchange on which registered
Common Shares, $0.10 par value	PSA	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series F, $0.01 par value	PSAPrF	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value	PSAPrG	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series H, $0.01 par value	PSAPrH	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value	PSAPrI	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series J, $0.01 par value	PSAPrJ	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value	PSAPrK	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.625% Cum Pref Share, Series L, $0.01 par value	PSAPrL	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.125% Cum Pref Share, Series M, $0.01 par value	PSAPrM	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.875% Cum Pref Share, Series N, $0.01 par value	PSAPrN	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.900% Cum Pref Share, Series O, $0.01 par value	PSAPrO	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series P, $0.01 par value	PSAPrP	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.950% Cum Pref Share, Series Q, $0.01 par value	PSAPrQ	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series R, $0.01 par value	PSAPrR	New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.100% Cum Pref Share, Series S, $0.01 par value	PSAPrS	New York Stock Exchange
Guarantee of 0.875% Senior Notes due 2032 issued by Public Storage Operating Company	PSA/32	New York Stock Exchange
Guarantee of 0.500% Senior Notes due 2030 issued by Public Storage Operating Company	PSA/30	New York Stock Exchange
Guarantee of 3.500% Senior Notes due 2034 issued by Public Storage Operating Company	PSA/34	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07

Submission of Matters to a Vote of Security Holders

On May 6, 2026, Public Storage (the “Company”) held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). Three proposals were submitted to the Company’s shareholders for a vote at the Annual Meeting.

The three proposals are described in detail in the Company’s proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on March 27, 2026. The final results for the votes for each proposal are set forth below.

1.	The shareholders elected twelve trustees to the Board of Trustees to hold office until the 2027 Annual Meeting of Shareholders or until their successors are duly qualified and elected. The votes for each nominee were as follows:


Name	Votes For	Votes Against	Abstain	Broker Non-Votes
Shankh S. Mitra	119,776,622	38,269,586	602,176	5,685,946
H. Thomas Boyle	157,834,132	387,152	427,100	5,685,946
Tamara Hughes Gustavson	155,288,212	2,935,549	424,623	5,685,946
Ronald L. Havner, Jr.	154,723,194	3,486,377	438,813	5,685,946
Maria R. Hawthorne	155,152,627	2,865,615	630,142	5,685,946
Rebecca Owen	155,529,729	2,489,593	629,062	5,685,946
Luke Petherbridge	156,581,640	1,637,709	429,035	5,685,946
Kristy M. Pipes	151,715,145	6,508,371	424,868	5,685,946
Avedick B. Poladian	148,849,890	9,365,973	432,521	5,685,946
Tariq M. Shaukat	155,984,647	2,234,570	429,167	5,685,946
Ronald P. Spogli	153,037,264	5,178,852	432,268	5,685,946
Paul S. Williams	155,260,513	2,755,506	632,365	5,685,946

2.	The shareholders approved the advisory vote to approve the compensation of named executive officers as follows:


Votes For	Votes Against	Abstain	Broker Non-Votes
153,511,123	4,450,802	686,459	5,685,946

3.	The shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 as follows:


Votes For	Votes Against	Abstain	Broker Non-Votes
153,317,363	10,957,104	59,863	—

Item 8.01

Other Events

Subsequent to the Annual Meeting, the Board of Trustees approved the following committee assignments, effective May 6, 2026:


Audit Committee	Compensation and Human Capital Committee	Nominating, Governance and Sustainability Committee
Luke Petherbridge (Chair)	Avedick B. Poladian (Chair)	Kristy M. Pipes (Chair)
Maria R. Hawthorne	Rebecca Owen	Maria R. Hawthorne
Kristy M. Pipes	Ronald P. Spogli	Rebecca Owen
Avedick B. Poladian	Paul S. Williams	Paul S. Williams
Tariq M. Shaukat

Additionally, the Board of Trustees re-appointed Mr. Mitra to serve as the Chairman of the Board of Trustees.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Source: View Original Filing on SEC EDGAR

Public Storage reported final voting results from its 2026 Annual Meeting held May 6, 2026. Shareholders elected the company’s trustee nominees and approved two additional proposals, all with strong majority support across the ballots presented.

Several trustees received over 150 million votes in favor, including H. Thomas Boyle with 157,834,132 votes for and only 387,152 against. Other trustees such as Luke Petherbridge and Tamara Hughes Gustavson also drew strong majority backing from shareholders.

Shareholders voted on three proposals at the 2026 Annual Meeting. The proxy statement filed March 27, 2026 described these items, and final tallies show substantial “for” votes on the trustee elections and on the two subsequent management proposals.

The second proposal received 153,511,123 votes for, 4,450,802 votes against, and 686,459 abstentions, with 5,685,946 broker non-votes. These results indicate broad shareholder support relative to the number of votes cast against the proposal.

The third proposal drew 153,317,363 votes for, 10,957,104 against, and 59,863 abstentions, with no broker non-votes recorded. Although opposition was higher than on the second proposal, support still far exceeded votes against the measure overall.

Following the meeting, the Board named Luke Petherbridge as Audit Committee chair, Avedick B. Poladian as Compensation and Human Capital Committee chair, and Kristy M. Pipes as Nominating, Governance and Sustainability Committee chair, formalizing leadership of key board committees.

After the 2026 Annual Meeting, the Board re-appointed Shankh S. Mitra as Chairman of the Board of Trustees. This decision maintains continuity in board leadership alongside refreshed committee assignments approved effective May 6, 2026.

PUBLIC STORAGE

/s/ Nathaniel A. Vitan

Nathaniel A. Vitan

Date: May 11, 2026

Chief Legal Officer & Corporate Secretary

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