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BCS

Changes in Beneficial Ownership · 4

Public Storage

PSANYSEEQUITYCurrent

Changes in Beneficial Ownership

Filed Oct 2, 2026Accepted Oct 2, 2026, 6:41 PM EDTFiling CIK 1393311Accession 0000916867-26-000012
Share

Structured filing — 4

wk-form4_1790980891.xml

Open full document ↗

Filing details

Report period
2026-09-30
Issuer
Public Storage
Issuer CIK
0001393311
Trading symbol
PSA

Reporting owner 1

Name
SPOGLI RONALD P
Reporting owner CIK
0000916867
Relationship
Director
Address
C/O PUBLIC STORAGE, 2811 INTERNET BOULEVARD, FRISCO, TX, 75034

Derivative transactions

Derivative transactions · 1 reported row
SecurityConversion / exercise price (USD)Transaction dateCodeAmountA / DPrice (USD)ExercisableExpiresUnderlying securityUnderlying sharesOwned afterOwnership
LTIP Units[F1][F2]2026-09-30A · Form 4151[F1][F2]A[F1][F2][F1][F2][F1][F2]Common Shares1516,205.6D
Table key
A · Form 4
Acquisition by grant, award or otherwise under Rule 16b-3(d)
A
Acquired
D
Direct

Footnotes

F1
Grant of fully-vested membership interests in Public Storage OP, L.P. ("Public Storage OP"), a subsidiary of the Company, designated as LTIP Units ("LTIP Units"), pursuant to the Company's Non-Management Trustee Compensation and Deferral Program under the Company's Amended and Restated 2021 Equity and Performance-Based Incentive Compensation Plan. The number of LTIP Units 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 LTIP Units, divided by the Company's closing share price on the grant date, rounded up to the nearest LTIP Unit. [footnote continues]↩ 1↩ 2↩ 3↩ 4↩ 5
F2
[footnote continued] LTIP Units are intended to qualify as profits interests for US federal income tax purposes and are convertible, conditioned upon the satisfaction of minimum allocations to the capital account of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units"). The resulting OP Units may be exchanged by the reporting person for common shares or the equivalent cash value of common shares, as determined by the Company.↩ 1↩ 2↩ 3↩ 4↩ 5

Signature 1

Signed
/s/ Steven C. Babinski, Attorney-in-Fact
Date
2026-10-02

Company context

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2026, we: (i) owned and/or operated 4,764 self-storage facilities with approximately 339 million net rentable square feet located in 42 states, Puerto Rico and Canada and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 338 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard® brand. Our headquarters are located in Frisco, Texas.

Current securities

Historical securities (19)

Recent company filings

  1. Entry into a Material Definitive AgreementOct 30, 2026
  2. FWP - filed by Public Storage regarding Public StorageOct 29, 2026
  3. 10-Q filingOct 26, 2026
  4. Results of Operations and Financial ConditionOct 26, 2026
  5. 4 filingOct 7, 2026

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