Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 75

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 75
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 these calculations, our median employee is one of our 4,863 employees who work at one of our self-storage facilities serving our customers. This employee is paid on an hourly basis. The 2024 annual total compensation for our median employee as determined based on SEC rules was $36,953. The 2024 annual total compensation for our CEO as determined based on SEC rules was $9,502,226. The ratio of our CEO’s annual total compensation to our median employee’s total compensation for fiscal year 2024 is 257 to 1.

#### Public Storage | 2025 Proxy Statement |73
Proposal 2: Approve Executive Compensation

PAY VERSUS PERFORMANCE TABLES

The following table sets forth information concerning the compensation paid to our CEO and to our other NEOs compared to Company performance for the years ended December 31, 2024, 2023, 2022, 2021, and 2020.

| Year | Summary Compensation Table Total Pay 
 for CEO(1)(2)                        |            |     | CAP to CEO(3) |            |   | Average Summary Compensation Table Total Pay for 
 Other NEOs(1)(2)                                 |           |     | Average CAP to 
 Other NEOs(3)  |            |   | Value of Initial Fixed $100 Investment Based on: 
 TSR                                              |     |     | Peer TSR(4) |     |     | GAAP Net  
 Income(5) |           |     | Core FFO     
 per share(6) |       |
|:-----|:-------------------------------------|-----------:|:----|:--------------|-----------:|:--|:-------------------------------------------------|----------:|:----|:---------------|-----------:|:--|:-------------------------------------------------|----:|:----|:------------|----:|:----|:----------|----------:|:----|:-------------|------:|
| 2024 | $                                    |  9,502,226 |     | $             |  5,044,001 |   | $                                                | 5,232,404 |     | $              |  2,943,853 |   | $                                                | 174 |     | $           | 118 |     | $         | 2,084,410 |     | $            | 16.67 |
| 2023 |                                      |  8,776,291 |     |               | 11,147,987 |