Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 56

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 56
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 value over the long term.

The following table sets forth the 2024 target performance-based option / AO LTIP Unit and performance-based RSU / LTIP Unit awards granted to our NEOs:

| NEO(1)                 |     | 2024 Target Option / AO LTIP Unit Award 
 (Five-Year Vesting Period)              
 Target Value(2)                         |   |           |         |     | Target Number |     | 2024 Target RSU / LTIP Unit Award 
 (Five-Year Vesting Period)        
 Target Value(2)                   |   |     |           |     | Target Number |
|:-----------------------|:----|:----------------------------------------|:--|----------:|--------:|:----|--------------:|:----|:----------------------------------|:--|:----|----------:|:----|--------------:|
| Joseph D. Russell, Jr. |     |                                         | $ | 1,410,000 |         |     |        27,910 |     |                                   | $ |     | 4,230,000 |     |        15,134 |
| H. Thomas Boyle        |     |                                         | $ |           | 850,000 |     |        16,825 |     |                                   | $ |     | 2,550,000 |     |         9,123 |
| Natalia N. Johnson     |     |                                         | $ |           | 635,000 |     |        12,569 |     |                                   | $ |     | 1,905,000 |     |         6,815 |
| Nathaniel A. Vitan     |     |                                         | $ |           | 324,000 |     |         6,413 |     |                                   | $ |     |   972,000 |     |         3,478 |

(1)Mr. Sambar joined the Company on October 14, 2024 and did not receive performance-based equity awards for 2024.

(2)The target values reflect the dollar value of awards the CHC Committee approved in February 2024. In accordance with this approval, the approved dollar value of performance-based options / AO LTIP Units was converted into a target number of options / AO LTIP Units using a Black-Scholes model and the approved dollar value of performance-based RSUs / LTIP Units was converted into a target number of RSUs / LTIP Units using the closing price of the