Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 52

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 52
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     |                                             |        |  1,200 |     | $                                |    49,764 |
| Tiffany S. Kenyon     |     | 3/1/24       |     |                                             |        |  1,577 |     | $                                |    57,561 |
| Tiffany S. Kenyon     |     | 6/10/24      |     |                                             |        |    504 |     | $                                |    19,525 |

(1) Represents the aggregate number of LTIP units that vested in 2024 on the referenced date.

(2) The value realized on vesting of the LTIP units is the product of (a) the closing price on the NYSE of the Company's Common Shares on the vesting date (or, if the vesting date was not a trading day, the immediately preceding trading day), multiplied by (b) the number of LTIP units vesting. In each case, the value realized is before payment of any applicable taxes and brokerage commissions, if any.

### SEVERANCE AND CHANGE IN CONTROL ARRANGEMENTS

#### EMPLOYMENT AGREEMENTS
We have entered into employment agreements with our NEOs. Each employment agreement provides for a three-year term, except in the case of Mr. Togashi which agreement provides for a one-year term, and in each case the agreements provide for automatic one-year extensions thereafter unless either party provides at least 90 days' notice of non-renewal. These employment agreements require our NEOs to devote substantially all of their time to our affairs.

The employment agreements provide for:

• a specified minimum annual base salary, subject to increases at the discretion of our Board or the CNCG Committee;

• eligibility for annual cash performance bonuses based on the satisfaction of performance goals established by our Board or our CNCG Committee, which will be awarded at the discretion of our CNCG Committee;

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 49 |

• participation in our equity incentive plan (including eligibility for regular, annual grants under the plan), as well as other incentive, savings and retirement plans applicable generally to NEOs; and

• medical and other group welfare plan coverage and fringe benefits provided to our NEOs.

Under the employment agreements, if a NEO's employment is terminated by us without "cause" or by the NEO for "good reason" (each as defined in the applicable employment agreement) (where good reason includes as a result