Company: PSA-PH
Filing Date: 2025-05-14
Form Type: S-8
Source: 0001193125-25-119859
Chunk: 1

Company: Public Storage
Filing Date: 2025-05-14
Form: S-8
Chunk 1
---
 the Board of Trustees of Public Storage (the “Company”) approved the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan (the “A&R 2021 Plan”), subject to the approval of the Company’s shareholders. On May 7, 2025, the Company’s shareholders approved the A&R 2021 Plan. This registration statement is being filed in order to register the additional 3,000,000 common shares that may be offered or sold to participants under the A&R 2021 Plan. In accordance with General Instruction E of Form S-8,the Company hereby incorporates by reference into this registration statement the contents of the prior registration statement on Form S-8relating to the A&R 2021 Plan, filed with the Securities and Exchange Commission (the “Commission”) on May 3, 2021 (Commission File No. 333-255733). PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

| Item 1. | Plan Information. * |

| Item 2. | Registrant Information and Employee Plan Annual Information. * |

| * | The documents containing the information specified in this Part I will be sent or given to participants in the                                                                                                                                    
 A&R 2021 Plan in accordance with Rule 428(b)(1) under the Securities Act. Such documents need not be filed with the Commission pursuant to Rule 424 under the Securities Act. These documents and the documents incorporated by reference in this 
 registration statement pursuant to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.                                                                          |

PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

| Item 3. | Incorporation of Documents by Reference. |

The following documents filed by Public Storage (the “Company”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are hereby incorporated by reference in, and shall be deemed to be a part of, this registration statement:

| (e) | The description of the Company’s common shares of beneficial interest, $0.10 par value per share, 
 contained in Exhibit 4.1 of the Company’s Annual Report on Form 10-K for the year ended           
 December 31, 2023.                                                                                |

All documents subsequently filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act