Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 77

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 77
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” column of the SCT and then: (i) adding the fair value as of the end of the reported year of all awards granted during the reporting year that are outstanding and unvested as of the end of the reporting year; (ii) adding the amount equal to the change as of the end of the reporting year (from the end of the prior year) in fair value (whether positive or negative) of any awards granted in any prior year that are outstanding and unvested as of the end of the reporting year; (iii) adding, for awards that are granted and vest in the reporting year, the fair value as of the vesting date; (iv) adding the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior year for which all applicable vesting conditions were satisfied at the end of or during the reporting year; (v) subtracting, for any awards granted in any prior year that are forfeited during the reporting year, the amount equal to the fair value at the end of the prior year; and (vi) adding the value of any dividends (or dividend equivalents) paid in the reporting year on unvested equity awards. The following tables reflect the adjustments made to SCT total compensation for 2024 to compute CAP for our CEO and average CAP for our other NEOs:

|            | SCT Total Pay |           |     | Minus             
 SCT Equity Awards |           |     | Plus                         
 Value of New Unvested Awards |           |     | Plus                                           
 Change in Value of Prior Years Unvested Awards |          |   | Plus                       
 Value of New Vested Awards |         |     | Plus                                         
 Change in Value of Prior Years Vested Awards |            |   | Minus                                 
 Value of Forfeited Prior Years Awards |   |     | Plus                                            
 Dividends on Unvested Awards/ Accrued Dividends |         |     | Equals 
 CAP    |           |
|:-----------|:--------------|----------:|:----|:------------------|----------:|:----|:-----------------------------|----------:|:----|:-----------------------------------------------|:---------|:--|:---------------------------|--------:|:----|:---------------------------------------------|:-----------|:--|:--------------------------------------|:--|:----|:------------------------------------------------|--------:|:----|:-------|----------:|
| CEO