Welcome to our dedicated page for Public Storage SEC filings (Ticker: PSA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Reading Public Storage’s 300-page 10-K can feel like inspecting every single roll-up door in its 2,800-facility portfolio. Property tables, REIT tax tests, and depreciation schedules bury the numbers investors really want—same-store NOI, occupancy trends, and acquisition yields. If you have ever searched, “How do I understand Public Storage SEC filings explained simply?” you already know the challenge.
Stock Titan streamlines that challenge. Our AI-powered summaries translate dense language into clear insights, flagging where the annual report 10-K discusses Funds From Operations and where the quarterly earnings report 10-Q filing updates cap-ex spend. Real-time alerts capture every Public Storage insider trading Form 4 transaction the moment it hits EDGAR, while side-by-side comparisons make each 8-K material event explained in context. Looking for board-level pay details? The proxy statement executive compensation section is highlighted so you can evaluate incentives without combing through footnotes.
Whether you monitor Public Storage Form 4 insider transactions real-time for unusual buying, track quarterly revenue shifts, or need the public REIT’s audit of property valuations, all documents are here—indexed, searchable, and enriched by AI. Key use cases include:
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Form 4 reports that Public Storage (PSA) director Luke J. Petherbridge received an equity award on 07/30/2025 consisting of 10,022 AO LTIP Units in Public Storage OP at an exercise price of $288.65. These profit-interest units vest fully one year after the grant date. Once vested, they may be converted into LTIP Units and ultimately exchanged for an equal number of PSA common shares or the cash equivalent, subject to tax-allocation conditions.
Following the award, Petherbridge directly holds 10,022 derivative securities; no non-derivative share transactions were reported. The grant is a routine component of the company’s 2021 Equity and Performance-Based Incentive Plan and represents a negligible percentage of PSA’s outstanding shares, resulting in immaterial dilution while further aligning the director’s incentives with shareholder value.
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.
Public Storage (PSA) – Form 4 filed 07/01/2025
Director Ronald L. Havner Jr. disclosed two routine, compensation-related equity grants:
- Common shares (DSUs): 4.17 fully-vested deferred share units acquired on 06/27/2025 at an implied price of $289.88, reflecting dividend-equivalent reinvestment under the 2021 Equity and Performance-Based Incentive Plan.
- Derivative securities (LTIP Units): 316 fully-vested LTIP Units granted on 06/30/2025 in lieu of quarterly cash retainers. LTIP Units are profit-interest units exchangeable into Public Storage common shares.
Post-transaction holdings
- Direct common share equivalents: 7,713.02 (includes 2,713.02 DSUs and 5,000 deferred RSUs)
- Indirect common shares: 317,053 via Havner Family Trust; 1,900 via spouse’s IRA
- Derivative interests: 146,679.4 LTIP Units (143,554.40 vested; 3,125 time-based)
No disposals were reported, and the transactions modestly increase the director’s already substantial ownership. The filings do not signal a change in strategic outlook or provide new operating or financial metrics; impact on PSA’s investment thesis is therefore minimal.
Public Storage (PSA) – Form 8-K, Item 1.01 (Material Definitive Agreement)
On 26 June 2025, Public Storage and its operating subsidiary, Public Storage Operating Company (PSOC), executed an underwriting agreement with BofA Securities and Wells Fargo Securities for a two-tranche senior note offering totaling $875 million. The notes will be issued by PSOC and fully guaranteed by Public Storage.
Tranche structure
- $475 million 4.375% senior notes due 1 July 2030, priced at 99.707% of par; interest payable semi-annually on 1 January and 1 July, beginning 1 January 2026.
- $400 million 5.000% senior notes due 1 July 2035, priced at 99.557% of par; interest payable on the same semi-annual schedule.
Offering mechanics – The issuance is being made under the shelf registration statement on Form S-3 (File Nos. 333-283556 & 333-283556-01) and a preliminary prospectus supplement filed on 26 June 2025. Closing is expected on 30 June 2025, subject to customary conditions.
Use of proceeds – PSOC plans to apply the net proceeds (i) to repay its outstanding $400 million floating-rate senior notes maturing in 2025 and (ii) for general corporate purposes, including additional self-storage acquisitions and repayment of other debt.
Counterparties & relationships – The underwriting syndicate is led by BofA Securities and Wells Fargo Securities, both of which, along with several other underwriters, are lenders under PSOC’s revolving credit facility and have provided prior banking services to the company.
Exhibits filed include the Underwriting Agreement (Ex. 1.1), legal opinion and consent (Ex. 5.1 & 23.1), and the XBRL cover page file (Ex. 104).
Key investor takeaway – The transaction extends PSA’s debt maturity profile to 2030/2035, addresses the imminent 2025 note maturity, and provides incremental capital for growth initiatives.
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