Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 91

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 91
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, and the Audit Committee discussed with EY their independence. In addition, the Audit Committee has considered whether EY’s provision of non-audit services to the Company and its affiliates is compatible with EY’s independence.

The Audit Committee met with representatives of management, the internal auditors, legal counsel, and EY regularly throughout the year to discuss the progress of management’s testing and evaluation of the Company’s system of internal controls over financial reporting in response to the applicable requirements of the Sarbanes-Oxley Act of 2002 and related SEC regulations. At the conclusion of this process, the Audit Committee received from management its assessment and report on the effectiveness of the Company’s internal controls over financial reporting. In addition, the Audit Committee received from EY its assessment of and opinion on the Company’s internal controls over financial reporting as of December 31, 2024. The Audit Committee reviewed and discussed the results of management’s assessment and EY’s audit.

#### Public Storage | 2025 Proxy Statement |85
Proposal 3: Ratification of Independent Registered Public Accounting Firm

In reliance on the reviews and discussions referred to above, the Audit Committee recommended to the Board, and the Board has approved, that the audited consolidated financial statements be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, for filing with the SEC. The Audit Committee also approved the appointment of EY as the Company’s independent registered public accounting firm for the year ending December 31, 2025, and recommended that the Board submit this appointment to the Company’s shareholders for ratification at the Annual Meeting.

The Audit Committee

Kristy M. Pipes (Chair)

Maria R. Hawthorne

Avedick B. Poladian

John Reyes

Tariq M. Shaukat

VOTE REQUIRED AND RECOMMENDATION

The affirmative vote of a majority of the votes cast at the Annual Meeting is necessary for the ratification of the appointment of EY as our independent registered public accounting firm for the year ending December 31, 2025. For purposes of the vote on this proposal, abstentions will not affect the vote.

<div align='center'>The Board recommends a voteFOR

the Appointment of EY as our

Independent Registered Public Accounting Firm

for the Year Ending December 31, 2025.</div>

#### 86| Public Storage | 2025 Proxy Statement
Proposal 4:

Approval of

Amendment and

Restatement of