Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 24

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 24
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: Ronald P. Spogli (Chair), Rebecca Owen, Kristy M. Pipes, and Paul S. Williams

Assists the Board in identifying individuals qualified to become Board members, recommending nominees to the Board to fill vacancies and new appointments, and ensuring that the Board reflects diversity of experience, skills, and personal background

Oversees the Company’s policies and procedures with respect to the consideration of trustee candidates recommended or nominated by shareholders

Prior to each annual meeting of shareholders, recommends to the Board a slate of nominees for election as trustees

Reviews and makes recommendations to the Board on Board organization, structure, and succession

Assists the Board in evaluating the performance of the Board and its committees

Conducts reviews of trustee independence

Reviews and makes recommendations for committee appointments to the Board

Assesses and makes recommendations to the Board on corporate governance matters

Develops and assesses the adequacy of the Corporate Governance Guidelines and Trustees’ Code of Ethics, Code of Conduct, and other governance policies on an ongoing basis and recommends any changes to the Board

Administers the Company’s stock ownership guidelines for trustees and executive officers, including granting hardship exceptions

Oversees new trustee orientation and continuing education opportunities for trustees

Supports the Board in developing and maintaining Company-level policies on sustainability matters

Oversees the Company’s Sustainability Committee and oversees and monitors management’s efforts and activities on sustainability initiatives, including any Company

#### 26| Public Storage | 2025 Proxy Statement

#### Corporate Governance
sustainability performance goals, and coordinates with other Board committees on such matters as appropriate

Oversees the Company’s disclosure practices related to sustainability matters, including the Company’s Sustainability Report, and coordinates with other Board committees on such matters as appropriate

Oversees political and charitable contributions and other public policy matters

PROXY ACCESS

Our Amended and Restated Bylaws (Bylaws) provide for proxy access, thereby giving our shareholders an even greater voice in trustee elections. A shareholder, or a group of up to 20 shareholders, owning at least 3% of the Company’s outstanding common shares continuously for at least three years may include in our proxy materials trustee nominees constituting up to the greater of two trustees or 20% of the number of trustees on the Board, provided that the shareholder and the nominees satisfy the eligibility requirements in our Bylaws. There are no qualifying shareholder nominations for inclusion in our proxy statement.

BOARD’S ROLE INRISK OVERSIGHT

Our Board is responsible for overseeing our Company-wide approach to the identification,