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.
Public Storage filed a Form S-4 proxy statement/prospectus to register Public Storage common shares and two series of preferred shares to be issued in connection with a proposed merger with National Storage Affiliates Trust (NSA). Under the merger agreement each NSA common share will be converted into the right to receive 0.1400 Public Storage common shares (the exchange ratio) plus cash in lieu of fractional shares. Based on the closing price of Public Storage common shares of $297.72 on March 13, 2026, the exchange ratio represented approximately $41.68 per NSA common share. NSA will hold a virtual special meeting of NSA shareholders to vote on the Merger Proposal and related matters; the company merger requires approval by a majority of votes cast by NSA common shareholders. The proxy statement/prospectus explains treatment of NSA preferred shares, the Dropdown JV and special redemption mechanics, financing commitments and a potential termination fee.
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.
Public Storage director Mitra Shankh received a grant of stock options covering 3,232 common shares. The options have an exercise price of $308.98 per share, were awarded at no cost, vest in full one year from the grant date, and expire in 2036. Following this grant, Shankh holds 3,232 stock options directly.
Public Storage director Luke J. Petherbridge received a grant of 3,232 AO LTIP Units in Public Storage OP, L.P. under the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The award was granted at $0.00 per unit and vests in full one year from the grant date.
Once vested, these AO LTIP Units may be converted at his election into LTIP Units of Public Storage OP, which can then convert into OP Units. OP Units may be exchanged for Public Storage common shares or an equivalent cash amount, making this a multi-step equity-based compensation award rather than an open-market purchase or sale.
Public Storage director Paul S. Williams received an equity-based award of 3,232 AO LTIP Units tied to common shares. The award was granted at a conversion or exercise price of $308.98 per underlying common share and represents 3,232 underlying Public Storage common shares.
The AO LTIP Units were granted under the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan and vest in full one year from the grant date. After vesting and meeting tax allocation conditions, the units can ultimately be exchanged for Public Storage common shares or the cash equivalent.
Public Storage director Ronald P. Spogli received an equity award of 3,232 AO LTIP Units tied to Public Storage OP, L.P. The award was granted at a price of $0.00 per unit under the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan.
The AO LTIP Units vest in full one year from the grant date and are convertible, after a series of partnership-unit conversions, into Public Storage common shares or the equivalent cash value, based on a conversion price of $308.98 per underlying common share. Following the award, Spogli holds 3,232 AO LTIP Units directly.
Public Storage director Tamara Hughes Gustavson received an equity-based award linked to company units. She was granted 3,232 AO LTIP Units of Public Storage OP, L.P. on May 6, 2026 at a stated price of $0.00 per unit.
The AO LTIP Units vest in full one year from the grant date and can then be converted, through several partnership-unit steps, into Public Storage common shares or an equivalent cash value, subject to tax-related capital account conditions.
Public Storage director Rebecca L. Owen reported receiving an equity-based award tied to the company’s operating partnership. She was granted 3,232 AO LTIP Units of Public Storage OP, L.P. at no cost under the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan, bringing her total AO LTIP Units to 3,232.
The AO LTIP Units vest in full one year from the grant date. Once vested, they may be converted at her election into LTIP Units and then into OP Units, which can be exchanged for Public Storage common shares or the cash equivalent, subject to federal income tax allocation conditions.
Public Storage director Maria R. Hawthorne received a grant of 3,232 AO LTIP Units tied to common shares as equity compensation. The award was granted at no cash cost on May 6, 2026 under the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan.
The AO LTIP Units vest in full one year from the grant date and are convertible, after vesting and tax-allocation conditions, into LTIP Units and then OP Units. These OP Units may be exchanged at Hawthorne’s election for Public Storage common shares or the cash value of those shares. The award references a conversion or exercise price of $308.98 per underlying common share and has an expiration date of May 5, 2036.
POLADIAN AVEDICK BARUYR reported acquisition or exercise transactions in this Form 4 filing.
Public Storage director Avedick Baruyr Poladian received a compensation award of 3,232 AO LTIP Units linked to common shares. The award was granted on May 6, 2026 at no cash cost to him and represents a derivative interest in Public Storage OP, L.P.
The AO LTIP Units vest in full one year after the grant date and are ultimately convertible into an equal number of Public Storage common shares or their cash value through OP Units. After this grant, he holds 3,232 AO LTIP Units directly, with no open-market share purchase or sale reported.