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

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 14
---
C and NGS           |

#### 14| Public Storage | 2025 Proxy Statement

#### Proposal 1: Election of Trustees
TRUSTEE NOMINEES SKILLS and Background SUMMARY

The Board believes that our trustee nominees provide Public Storage with the combined skills, experience, and personal qualities needed for an effective and engaged Board.

* Includes self-identification as being from an underrepresented community.

#### Public Storage | 2025 Proxy Statement |15

#### Proposal 1: Election of Trustees
TRUSTEE NOMINEE BIOGRAPHIES

| Tamara Hughes GustavsonReal Estate InvestorPhilanthropist |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Age: 63 Trustee since: 2008 Independent Trustee           |     | Ms. Gustavson joined the Board in November 2008. She was previously employed by Public Storage from 1983 to 2003, serving most recently as Senior Vice President, Administration. During the past ten years, Ms. Gustavson has supervised her personal business investments and engaged in charitable activities.Ms. Gustavson currently serves on the Board of Trustees of American Homes 4 Rent (NYSE: AMH), the Board of Trustees of the William Lawrence and Blanche Hughes Foundation, and the Board of Trustees of the University of Southern California. Ms. Gustavson is our largest single shareholder and owns approximately 9.9% of the Company’s common shares.Key Reasons for Nomination:Ms. Gustavson’s qualifications for election to the Board include her knowledge of the Company and its business and her public company board experience. In addition, as the largest individual shareholder of the Company, Ms. Gustavson provides the Board with a shareholder’s perspective on the operations and strategic direction of the Company. |

#### 16| Public Storage | 2025 Proxy Statement

#### Proposal 1: Election of Trustees
| Maria R. HawthorneRetired Chief Executive Officer of PS Business Parks, Inc. |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Age: 65 Trustee since: 2024 Independent Trustee Committees: Audit            |     | Ms. Hawthorne joined the Board in 2024. She served as President and Chief Executive Officer of PS Business Parks (previously listed on the NYSE) from August 2015 and July 2016, respectively, until her retirement in September 2020. She also served as PS Business Parks’s Interim Chief Operating Officer from