Company: PSA-PH
Filing Date: 2025-05-14
Form Type: S-8
Source: 0001193125-25-119859
Chunk: 0

Company: Public Storage
Filing Date: 2025-05-14
Form: S-8
Chunk 0
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As filed with the Securities and Exchange Commission on May 14, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PUBLIC STORAGE (Exact Name of Registrant as Specified in its Charter)

| Maryland                                 |     | 93-2834996          |
| (State or other jurisdiction of          |     | (I.R.S. Employer    |
| incorporation or organization)           |     | Identification No.) |
| 701 Western Avenue                       |     |                     |
| Glendale, California                     |     | 91201-2349          |
| (Address of Principal Executive Offices) |     | -Zip Code           |

Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan (Full Title of the Plan) Nathaniel A. Vitan Senior Vice President, Chief Legal Officer and Corporate Secretary Public Storage 701 Western Avenue Glendale, California 91201-2349 (Name and address of agent for service) (818) 244-8080 (Telephone number, including area code, of agent for service) Copies to: Michael E. McTiernan Hogan Lovells US LLP 555 Thirteenth Street, N.W. Washington, D.C. 20004 (202) 637-5600 Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of the Exchange Act.

| Large accelerated filer |     | ☒ |     | Accelerated filer         |     | ☐ |
| Non-accelerated filer   |     | ☐ |     | Smaller reporting company |     | ☐ |
|                         |     |   |     | Emerging growth company   |     | ☐ |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

EXPLANATORY STATEMENT On February 21, 2025,