Public Storage filings document the regulatory disclosures of a self-storage REIT with common shares listed on the New York Stock Exchange and multiple series of preferred and depositary shares. The company’s reports cover material events, operating and financial results, capital-structure disclosures, securities registered under Section 12(b), and debt-related instruments.
Its SEC record also includes proxy materials addressing trustee elections, executive compensation, shareholder voting matters, and governance practices. Form 8-K filings provide event-driven disclosures on dividends, agreements, financing or security matters, and other corporate actions connected to Public Storage’s REIT structure and self-storage operations.
WILLIAMS PAUL S reported acquisition or exercise transactions in this Form 4 filing.
Public Storage director Paul S. Williams received a grant of 54 fully vested deferred share units (DSUs), calculated using the closing share price of $270.88 on the grant date. Each DSU represents one common share, bringing his total DSU holdings to 1,432 units.
REYES JOHN reported acquisition or exercise transactions in this Form 4 filing.
Public Storage director John Reyes received 123 common share equivalents as fully vested deferred share units (DSUs) under the company’s Non-Management Trustee Compensation and Deferral Program. The grant value was based on the company’s closing share price of $270.88 on the grant date.
After this award, Reyes holds 3,314 DSUs directly, each representing the right to receive one Public Storage common share. The DSUs will be settled in unrestricted shares in a lump sum when he leaves the board, or earlier upon death, disability, or a change of control. He also has indirect ownership of 154,685 common shares held by the Reyes Trust.
Public Storage Operating Company (PSOC) is offering senior unsecured notes due 2035, which will be fully and unconditionally guaranteed by Public Storage. The notes will be PSOC’s direct obligations, effectively subordinated to secured debt and structurally subordinated to liabilities of subsidiaries.
The offering proceeds are intended to repay borrowings under PSOC’s $1.5 billion revolving credit facility and for general corporate purposes, including investments in self-storage facilities, debt repayment and redemptions. Interest will be paid semi-annually and the notes are callable (redemption mechanics described).
Public Storage is asking shareholders to vote at its May 6, 2026 annual meeting on three items: electing twelve trustees, an advisory Say‑on‑Pay vote, and ratifying Ernst & Young as auditor for 2026. The proxy highlights record 2025 results, including $4.8 billion in revenue and $3.5 billion in net operating income, plus a same‑store direct operating margin of 78.2%. The company added 8.2 million square feet in 2025 at a cost of $1.4 billion, contributing to a 31% portfolio increase since 2019. It also emphasizes high digital adoption, with 75% of new rentals completed digitally, and continued sustainability initiatives such as a 45% Scope 1 and 2 emissions‑reduction target by 2032 and rooftop solar on 1,060 properties. A major focus is the PS4.0 leadership transition: CEO Joseph Russell will retire March 31, 2026, with Chief Investment Officer Tom Boyle becoming CEO and a trustee on April 1, 2026, and independent trustee Shankh Mitra becoming Board Chair. The filing underscores board refreshment, diversity, strong governance practices, and a pay program tying most executive compensation to Core FFO growth, NAV growth, and relative total shareholder return.
Public Storage Schedule 13G/A amendment: The Vanguard Group reports that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries now report disaggregated holdings and The Vanguard Group beneficial ownership in Public Storage common stock is shown as 0 shares (0%).
The filing states the subsidiaries pursue the same investment strategies and that Vanguard no longer is deemed to beneficially own securities held by those subsidiaries per SEC Release No. 34-39538.
Public Storage Chief Legal Officer Nathaniel A. Vitan received new equity awards in the form of AO LTIP Units and LTIP Units. On March 15, 2026, he was granted 12,986 AO LTIP Units tied to a performance period from 2023 to 2026, replacing a prior stock option award with an exercise price of $288.56 per share. The compensation committee certified performance at 100% of target for this award.
He also received 3,368 LTIP Units, partly subject to time-based vesting, with three-fifths scheduled to vest on March 20, 2026 and the rest vesting ratably over the next two years. Following these grants, he holds 56,211.90 LTIP Units, including 50,007.90 that are vested and 6,204 subject to time-based vesting, plus 2,364 Public Storage common shares held directly. These awards are compensation grants, not open-market purchases or sales.
Public Storage President and CEO Joseph D. Russell Jr. reported new equity-based awards tied to company performance rather than any open-market trading. He received 40,555 AO LTIP Units in Public Storage OP, L.P. and 10,520 LTIP Units, both granted at a price of $0.00 per unit as compensation.
The AO LTIP Units carry a conversion reference price of $288.56 per underlying common share and are linked to a three-year 2023–2026 performance period that was certified at 100% of target. Three-fifths of one award will vest on March 20, 2026, with the remainder vesting ratably over the following two years.
These AO LTIP Units and LTIP Units are structured as profits interests that can ultimately be converted into operating partnership units and then exchanged for Public Storage common shares or cash. After these awards, Russell directly holds 19,096 common shares and a total of 106,395.82 LTIP Units, including both vested and time-based awards.
Public Storage corporate officer Natalia Johnson received new equity awards linked to company performance. She was granted 25,551 AO LTIP Units with an underlying conversion price of $288.56 per common share equivalent, expiring on March 14, 2033, and 6,584 additional LTIP Units.
These awards reflect performance-based replacements for prior option and restricted share unit grants covering the 2023–2026 performance period, with performance certified at 100% of target on March 15, 2026. Three-fifths of one award vests on March 20, 2026, with the balance vesting ratably over the next two years.
Boyle Tom reported acquisition or exercise transactions in this Form 4 filing.
Public Storage Chief Investment Officer Tom Boyle received equity-based awards of 34,068 AO LTIP Units and 8,837 LTIP Units in Public Storage OP under the 2021 incentive plan. These AO LTIP and LTIP Units are intended to qualify as profits interests and can ultimately be exchanged for Public Storage common shares or their cash value after tax-related capital account conditions are met.
The awards are performance-based replacements for prior option and restricted share unit grants tied to a 2023–2026 performance period, with performance certified at 100% of target. Three-fifths of the AO LTIP Units will vest on March 20, 2026, with the balance vesting ratably over the next two years. Following these grants, Boyle holds 34,068 AO LTIP Units, 32,286 LTIP Units (18,885 vested and 13,401 subject to time-based vesting), and 10,227 common shares, highlighting a compensation-driven increase in his equity-linked exposure rather than any open‑market buying or selling.