Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 15

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 15
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 $37.84 and on August 15, 2024 of $42.74, respectively. Each of Messrs. Hylbert, Meisinger, Osgood, Schall, and Wu and Mss. Cohn and Steinfort elected to receive payment of 100%, and Messrs. Allan, Palazzo, and Van Mourick elected to receive payment of 50%, of the value of his or her 2024 annual cash compensation in LTIP units which represent a class of partnership interests in our operating partnership. Accordingly, Messrs. Allan, Hylbert, Meisinger, Osgood, Palazzo, Schall, Van Mourick, and Wu and Mss. Cohn and Steinfort were awarded LTIP units for their annual compensation as follows: Mr. Allan - 1,580 units, Ms. Cohn - 4,493 units, Mr. Hylbert - 4,890 units, Mr. Meisinger - 4,493 units, Mr. Osgood - 5,022 units, Mr. Palazzo - 3,766 units, Mr. Schall - 4,757 units, Ms. Steinfort - 4,890 units, Mr. Van Mourick - 3,568 units, and Mr. Wu - 4,493 units. The dollar values shown in the table above for the LTIP units, including LTIP units taken in lieu of cash compensation, represent the aggregate grant date fair value computed in accordance with Financial Accounting Standards Board Accounting Standards Codification ("ASC") Topic 718. The LTIP units granted on May 16, 2024, and 1,580 of the LTIP units granted to Mr. Allan on August 15, 2024, are scheduled to vest on the earlier of May 16, 2025 and the calendar day immediately preceding our 2025 Annual Meeting, so long as such person remains a trustee. With respect to the portion of Mr. Palazzo's and Mr. Allan's 2024 annual cash compensation taken in cash, Mr. Palazzo was paid one-half of such amount ($21,250) between April 1, 2024 and December 31, 2024 and Mr. Allan was paid one-half of such amount ($8,750) between August 15, 2024 and December 31, 2024, which amounts are reflected in the above table. The remaining installments of Mr. Palazzo's and