Company: PSA-PH
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001393311-25-000036
Chunk: 89

Company: Public Storage
Filing Date: 2025-02-24
Form: 10-K
Item: Item 12
Chunk 89
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ITEM 12.    Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

The following table sets forth information, as of December 31, 2024 on the Company’s equity compensation plans:

Equity Compensation Plan InformationPlan CategoryNumber of securities to be issued upon exercise or conversion of outstanding options, AO LTIP units, warrants, and rightsWeighted-average exercise or conversion  price of outstanding options, AO LITP units, warrants, and rightsNumber of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (A))(A)(B)(C)Equity compensation plans approved by security holders (a)3,190,298 (b)$ 231.89 (c)1,074,064Equity compensation plans not approved by security holders (d)———Total3,190,298 (b)$ 231.89 (c)1,074,064

a)The Company’s equity compensation plans are described more fully in Note 11 to the December 31, 2024 financial statements. All plans have been approved by the Company’s shareholders.

b)Includes (i) stock options and AO LTIP units to purchase 2,727,342 common shares or to convert to vested LTIP units, including performance-based stock options and AO LTIP units as to which the performance period had not ended or the Compensation Committee had not certified performance as of December 31, 2024, which stock options and AO LTIP units are reflected in the table above assuming a maximum payout, (ii) 451,222 restricted share units and LTIP units, including performance-based restricted share units and LTIP units as to which the performance period had not ended as of December 31, 2024, which restricted share units and LTIP units are reflected in the table above assuming a maximum payout, and (iii) 11,734 fully vested deferred share units. All restricted share and LTIP units, if and when vested, and all deferred share units will be settled in common shares or into common units of PSA OP on a one-for-one basis.

c)Represents the weighted average exercise or conversion price of stock options or AO LTIP units to purchase 2,373,588 common shares or to convert to vested LTIP units, excluding the performance-based stock options and AO LTIP units described in footnote (b), above. The 451,222 restricted share or LTIP units would vest for no consideration.

d)There were no