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.
PETHERBRIDGE LUKE J reported acquisition or exercise transactions in this Form 4 filing.
Public Storage director Luke J. Petherbridge received 128 LTIP Units as equity compensation. These fully vested membership interests in Public Storage OP, L.P. were granted under the company’s Non-Management Trustee Compensation and Deferral Program in lieu of a portion of his quarterly cash retainers, using the closing share price on the grant date to determine the number of units.
The LTIP Units are intended to qualify as profits interests for U.S. federal income tax purposes and are convertible, after certain tax-related allocation conditions are met, into OP Units of Public Storage OP. Those OP Units may then be exchanged by Petherbridge for Public Storage common shares or the cash value of those shares. Following this grant, he holds 336 LTIP Units in total.
Public Storage director Mitra Shankh received 128 common shares as equity compensation. The shares were granted at a reference price of $270.88 per share under the company’s Non-Management Trustee Compensation and Deferral Program.
The grant represents board retainers that Shankh elected to take in stock instead of cash, and brings the director’s direct holdings to 9,024 common shares. This is a routine, compensation-related acquisition rather than an open-market purchase.
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.