Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 66

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 66
---
 our properties, and we received a portion of such fees which were recognized as revenue at our properties. For the year ended December 31, 2024, tenant insurance-related and tenant protection plan-related access fees of $1.1 million were paid to an affiliate of Optivest. Of these tenant insurance-related and tenant protection plan-related access fees paid to the affiliate of Optivest, each of Mr. Allan's and Mr. Van Mourick’s interest was approximately $0.3 million and $0.3 million, respectively, excluding each of their respective shares of any costs associated with such fees. Each former PRO that arranged tenant insurance and/or tenant protection plans for tenants at the properties they managed maintained its own insurance or protection program, and in some cases our former PROs or their affiliates had an ownership interest in the regulated insurance company that provided insurance coverage to our tenants at certain of the properties that they managed. As such, these former PROs or their affiliates may have benefited from our success in improving tenant insurance penetration through both improved property performance and improved performance of the respective insurance companies in which they had an ownership stake. For more information on the internalization of our PRO structure, see "–Internalization of our PRO Structure".

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 59 |

#### RELATED TRANSACTIONS POLICY
In our code of business conduct and ethics, we have a conflicts of interest policy that prohibits our trustees, officers and employees from engaging in any transaction that involves an actual or potential conflict of interest with us unless approved by a majority of our disinterested independent trustees. Exceptions may be made only after review and approval of specific or general categories by our Board (in the case of executive officers or trustees) and our compliance officer (in the case of employees who are not executive officers and trustees).

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 60 |

| OUR SHAREHOLDERS |

### SHAREHOLDER OWNERSHIP INFORMATION
Except as otherwise indicated, the following table sets forth information as of March 14, 2025 regarding the beneficial ownership of Common Shares, which includes OP units and vested LTIP units in our operating partnership and OP units in our DownREIT partnerships, as if each unit were redeemed for one Common Share, by (i) each person known to us to be the beneficial owner of more than 5% of the outstanding Common Shares, (ii) our NEOs and other executive officers, (iii) our trustees