Form 4 for PSA Public Storage
Accepted 2024-11-06 00:00:00 ET · period of report 2024-11-05 · accession 0001393311-24-000197 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-11-06 | 2024-11-05 | PSA | Sambar Christopher | COO | F - Tax | $340.60 | -2,827 | 4,355 | -39% | -$962.9K |
| D | 2024-11-06 | 2024-11-05 | PSA | Sambar Christopher | COO | A - Grant | $0.00 | +7,182 | 7,182 | New | $0 |
| D | 2024-11-06 | 2024-11-05 | PSA | Sambar Christopher | COO | A - Grant | $0.00 | +14.4K | 14.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2024-11-05 | F | D | 2,827 | $340.60 | 4,355 | D | — | — | (F2) Reflects shares withheld for taxes upon granting the award of unrestricted Common Shares. |
| 2 | Common | Common Shares | 2024-11-05 | A | A | 7,182 | $0.00 | 7,182 | D | — | — | (F1) Reflects a new hire make whole award of unrestricted common shares, par value $0.10 per share ("Common Shares"), of Public Storage (the "Company"). |
| 3 | Derivative | LTIP Units | 2024-11-05 | A | A | 14,363 | $0.00 | 14,363 | D | — · — to — | 14,363 Common Shares | (F3) Reflects a new hire make whole award of membership interests in Public Storage OP, L.P. ("Public Storage OP"), a subsidiary of the Company, designated as LTIP Units ("LTIP Units"), which LTIP Units are intended to qualify as profits interests for US federal income tax purposes. The LTIP Units vest in three equal annual installments beginning one year from the grant date. The LTIP Units, if and as they become vested, 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. |