STOCK TITAN

[Form 4] Public Storage Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Public Storage (PSA) Form 4 filing dated 07/01/2025 discloses a routine equity compensation transaction by director Shankh Mitra. On 06/30/2025 the director acquired 113 common shares at an effective price of $293.42 per share under the company’s Non-Management Trustee Compensation and Deferral Program. The grant reflects Mr. Mitra’s election to receive a portion of his quarterly cash retainer in stock rather than cash. Following the award, the director’s direct ownership increases to 8,653 shares. No derivative securities were involved and no shares were sold.

The dollar value of the acquisition is approximately $33,000, modest relative to Public Storage’s multi-billion-dollar market capitalization. While the purchase marginally strengthens insider-ownership alignment, it is not considered a materially market-moving event.

Il modulo 4 di Public Storage (PSA) datato 01/07/2025 riporta una normale transazione di compenso azionario da parte del direttore Shankh Mitra. Il 30/06/2025 il direttore ha acquisito 113 azioni ordinarie a un prezzo effettivo di 293,42 $ per azione, nell'ambito del programma di compensazione e differimento per trustee non gestionali della società. L'assegnazione riflette la scelta del Sig. Mitra di ricevere una parte del suo compenso trimestrale in azioni anziché in contanti. Dopo l'assegnazione, la posizione diretta del direttore aumenta a 8.653 azioni. Non sono stati coinvolti strumenti derivati né sono state vendute azioni.

Il valore in dollari dell'acquisizione è di circa 33.000 $, modesto rispetto alla capitalizzazione di mercato multimiliardaria di Public Storage. Sebbene l'acquisto rafforzi marginalmente l'allineamento della proprietà interna, non è considerato un evento che influenzi significativamente il mercato.

La presentación del Formulario 4 de Public Storage (PSA) con fecha 01/07/2025 revela una transacción rutinaria de compensación accionaria por parte del director Shankh Mitra. El 30/06/2025, el director adquirió 113 acciones ordinarias a un precio efectivo de 293,42 $ por acción bajo el Programa de Compensación y Diferimiento para Fideicomisarios No Gerenciales de la compañía. La concesión refleja la elección del Sr. Mitra de recibir una parte de su retención trimestral en acciones en lugar de efectivo. Tras la adjudicación, la propiedad directa del director aumenta a 8.653 acciones. No se involucraron valores derivados ni se vendieron acciones.

El valor en dólares de la adquisición es aproximadamente de 33.000 $, modesto en relación con la capitalización de mercado multimillonaria de Public Storage. Aunque la compra fortalece marginalmente la alineación de la propiedad interna, no se considera un evento que mueva significativamente el mercado.

Public Storage(PSA)의 2025년 7월 1일자 Form 4 제출서류는 이사 Shankh Mitra의 일상적인 주식 보상 거래를 공개합니다. 2025년 6월 30일, 이사는 회사의 비경영 신탁 보상 및 이연 프로그램에 따라 주당 293.42달러의 실질 가격으로 113주 보통주를 취득했습니다. 이 부여는 Mitra 씨가 분기별 현금 보수를 현금 대신 주식으로 받기로 선택한 것을 반영합니다. 수여 후, 이사의 직접 소유 주식 수는 8,653주로 증가했습니다. 파생 증권은 포함되지 않았으며 주식도 매도되지 않았습니다.

취득 금액은 약 33,000달러로, Public Storage의 수십억 달러 규모 시가총액에 비해 적은 편입니다. 이번 매입은 내부자 소유 지분 정렬을 약간 강화하지만, 시장에 중대한 영향을 미치는 사건으로 간주되지 않습니다.

Le dépôt du formulaire 4 de Public Storage (PSA) daté du 01/07/2025 révèle une transaction de rémunération en actions courante effectuée par le directeur Shankh Mitra. Le 30/06/2025, le directeur a acquis 113 actions ordinaires à un prix effectif de 293,42 $ par action dans le cadre du programme de rémunération et de report pour les administrateurs non gestionnaires de la société. Cette attribution reflète le choix de M. Mitra de recevoir une partie de sa rémunération trimestrielle en actions plutôt qu'en espèces. Suite à cette attribution, la possession directe du directeur augmente à 8 653 actions. Aucun instrument dérivé n'a été impliqué et aucune action n'a été vendue.

La valeur en dollars de l'acquisition est d'environ 33 000 $, modeste par rapport à la capitalisation boursière de plusieurs milliards de Public Storage. Bien que cet achat renforce légèrement l'alignement de la propriété interne, il n'est pas considéré comme un événement ayant un impact significatif sur le marché.

Die Form 4-Einreichung von Public Storage (PSA) vom 01.07.2025 offenbart eine routinemäßige Aktienvergütungstransaktion des Direktors Shankh Mitra. Am 30.06.2025 erwarb der Direktor 113 Stammaktien zu einem effektiven Preis von 293,42 $ pro Aktie im Rahmen des Non-Management Trustee Compensation and Deferral Program des Unternehmens. Die Zuteilung spiegelt Herrn Mitras Entscheidung wider, einen Teil seiner vierteljährlichen Barvergütung in Aktien statt in bar zu erhalten. Nach der Zuteilung erhöht sich der Direktbesitz des Direktors auf 8.653 Aktien. Es wurden keine derivativen Wertpapiere verwendet und keine Aktien verkauft.

Der Dollarwert der Akquisition beträgt etwa 33.000 $, was im Vergleich zur milliardenschweren Marktkapitalisierung von Public Storage geringfügig ist. Obwohl der Kauf die Insider-Besitzbindung marginal stärkt, wird er nicht als marktrelevantes Ereignis betrachtet.

Positive
  • Director increased direct ownership by 113 shares, signalling continued alignment with shareholders.
  • No shares were sold, so the action does not introduce negative supply to the market.
Negative
  • Transaction size is immaterial (~$33k) relative to company scale, offering limited insight into insider conviction.

Insights

TL;DR: Small insider buy via fee-in-stock election, modestly positive signal, immaterial to valuation.

The filing shows a director taking compensation in equity, acquiring 113 shares. The value (~$33k) is negligible versus PSA’s market cap and trading volume, so liquidity and valuation are unaffected. Still, insider accumulation—especially no sales—adds a marginally constructive governance signal and indicates confidence. Because this is routine board compensation, I categorize the impact as neutral-to-slightly-positive for sentiment, not a catalyst for the stock.

TL;DR: Routine equity retainer boosts alignment; no red flags detected.

Public Storage continues to use share-based retainers to align non-management trustees with shareholder interests. Mr. Mitra’s election suggests willingness to hold stock and absorb market risk. No accelerated vesting, derivatives, or complex structures appear, limiting governance concerns. Because the volume is small and there are no disposals, the event is governance-positive yet financially non-impactful.

Il modulo 4 di Public Storage (PSA) datato 01/07/2025 riporta una normale transazione di compenso azionario da parte del direttore Shankh Mitra. Il 30/06/2025 il direttore ha acquisito 113 azioni ordinarie a un prezzo effettivo di 293,42 $ per azione, nell'ambito del programma di compensazione e differimento per trustee non gestionali della società. L'assegnazione riflette la scelta del Sig. Mitra di ricevere una parte del suo compenso trimestrale in azioni anziché in contanti. Dopo l'assegnazione, la posizione diretta del direttore aumenta a 8.653 azioni. Non sono stati coinvolti strumenti derivati né sono state vendute azioni.

Il valore in dollari dell'acquisizione è di circa 33.000 $, modesto rispetto alla capitalizzazione di mercato multimiliardaria di Public Storage. Sebbene l'acquisto rafforzi marginalmente l'allineamento della proprietà interna, non è considerato un evento che influenzi significativamente il mercato.

La presentación del Formulario 4 de Public Storage (PSA) con fecha 01/07/2025 revela una transacción rutinaria de compensación accionaria por parte del director Shankh Mitra. El 30/06/2025, el director adquirió 113 acciones ordinarias a un precio efectivo de 293,42 $ por acción bajo el Programa de Compensación y Diferimiento para Fideicomisarios No Gerenciales de la compañía. La concesión refleja la elección del Sr. Mitra de recibir una parte de su retención trimestral en acciones en lugar de efectivo. Tras la adjudicación, la propiedad directa del director aumenta a 8.653 acciones. No se involucraron valores derivados ni se vendieron acciones.

El valor en dólares de la adquisición es aproximadamente de 33.000 $, modesto en relación con la capitalización de mercado multimillonaria de Public Storage. Aunque la compra fortalece marginalmente la alineación de la propiedad interna, no se considera un evento que mueva significativamente el mercado.

Public Storage(PSA)의 2025년 7월 1일자 Form 4 제출서류는 이사 Shankh Mitra의 일상적인 주식 보상 거래를 공개합니다. 2025년 6월 30일, 이사는 회사의 비경영 신탁 보상 및 이연 프로그램에 따라 주당 293.42달러의 실질 가격으로 113주 보통주를 취득했습니다. 이 부여는 Mitra 씨가 분기별 현금 보수를 현금 대신 주식으로 받기로 선택한 것을 반영합니다. 수여 후, 이사의 직접 소유 주식 수는 8,653주로 증가했습니다. 파생 증권은 포함되지 않았으며 주식도 매도되지 않았습니다.

취득 금액은 약 33,000달러로, Public Storage의 수십억 달러 규모 시가총액에 비해 적은 편입니다. 이번 매입은 내부자 소유 지분 정렬을 약간 강화하지만, 시장에 중대한 영향을 미치는 사건으로 간주되지 않습니다.

Le dépôt du formulaire 4 de Public Storage (PSA) daté du 01/07/2025 révèle une transaction de rémunération en actions courante effectuée par le directeur Shankh Mitra. Le 30/06/2025, le directeur a acquis 113 actions ordinaires à un prix effectif de 293,42 $ par action dans le cadre du programme de rémunération et de report pour les administrateurs non gestionnaires de la société. Cette attribution reflète le choix de M. Mitra de recevoir une partie de sa rémunération trimestrielle en actions plutôt qu'en espèces. Suite à cette attribution, la possession directe du directeur augmente à 8 653 actions. Aucun instrument dérivé n'a été impliqué et aucune action n'a été vendue.

La valeur en dollars de l'acquisition est d'environ 33 000 $, modeste par rapport à la capitalisation boursière de plusieurs milliards de Public Storage. Bien que cet achat renforce légèrement l'alignement de la propriété interne, il n'est pas considéré comme un événement ayant un impact significatif sur le marché.

Die Form 4-Einreichung von Public Storage (PSA) vom 01.07.2025 offenbart eine routinemäßige Aktienvergütungstransaktion des Direktors Shankh Mitra. Am 30.06.2025 erwarb der Direktor 113 Stammaktien zu einem effektiven Preis von 293,42 $ pro Aktie im Rahmen des Non-Management Trustee Compensation and Deferral Program des Unternehmens. Die Zuteilung spiegelt Herrn Mitras Entscheidung wider, einen Teil seiner vierteljährlichen Barvergütung in Aktien statt in bar zu erhalten. Nach der Zuteilung erhöht sich der Direktbesitz des Direktors auf 8.653 Aktien. Es wurden keine derivativen Wertpapiere verwendet und keine Aktien verkauft.

Der Dollarwert der Akquisition beträgt etwa 33.000 $, was im Vergleich zur milliardenschweren Marktkapitalisierung von Public Storage geringfügig ist. Obwohl der Kauf die Insider-Besitzbindung marginal stärkt, wird er nicht als marktrelevantes Ereignis betrachtet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Mitra Shankh

(Last) (First) (Middle)
C/O PUBLIC STORAGE
701 WESTERN AVENUE

(Street)
GLENDALE CA 91201

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Public Storage [ PSA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 06/30/2025 A 113(1) A $293.42 8,653 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Grant of unrestricted Company common shares 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 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 common shares, divided by the Company's closing share price on the grant date, rounded up to the nearest share.
Remarks:
/s/ Steven C. Babinski, Attorney-in-Fact 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Public Storage (PSA) disclose in the latest Form 4?

Director Shankh Mitra acquired 113 common shares on 06/30/2025 through the board’s equity retainer program.

How many Public Storage shares does the director now own?

After the transaction, Mr. Mitra holds 8,653 common shares directly.

Was the PSA insider transaction a purchase or sale?

It was an acquisition (A); no shares were sold.

What was the effective price per share for the acquisition?

The shares were issued at $293.42 per share, equivalent to the closing price on the grant date.

Does this Form 4 filing materially impact PSA’s stock outlook?

Given the small dollar amount (~$33k), the filing is considered not materially impactful to PSA’s valuation.
Public Storage

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PSA Stock Data

51.98B
157.55M
10.18%
82.59%
1.86%
REIT - Industrial
Real Estate Investment Trusts
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United States
GLENDALE