Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 55

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 55
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umbent Trustee); or (5) shareholder approval of a plan or proposal for our liquidation or dissolution.

Upon a change in control, awards may be subject to accelerated automatic or conditional accelerated vesting depending on the terms of the grant agreement establishing the award. In addition, the CNCG Committee may make such adjustments as it, in its discretion, determines are necessary or appropriate in light of the change in control, but only if the CNCG Committee determines that the adjustments do not have an adverse economic impact on the participants (as determined at the time of the adjustments).

POTENTIAL PAYMENTS UPON TERMINATION OR FOLLOWING A CHANGE IN CONTROL

As set forth in the employment agreements for our NEOs, our NEOs will be entitled to certain compensation and benefits in the event of a termination of employment. Assuming a termination of employment occurred on December 31, 2024 and a price per share of our Common Shares on the date of termination of $37.91 (based on the closing price of our Common Shares on the NYSE as of that date), the amount of compensation that would have been payable to each NEO in each situation is listed in the table below. The amounts shown below are for illustrative purposes only. Actual amounts that would be paid on any termination of employment can only be determined at the time of any actual separation from the Company.

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 51 |

| Name and Termination Scenario         
 Tamara D. Fischer                     |     | Estimated Potential Payments Upon Termination or Change of Control 
 Base Salary(1)($)                                                  |           |     | Annual Bonus(2)($) |           |     | Continued Medical Benefits(3)($) |        |     | Number of Outstanding LTIP Unit Awards That Vest(4)(#) |         |     | Total Value of Outstanding LTIP Unit Awards That Vest(4)($) |           |     | Total ($) |            |
|:--------------------------------------|:----|:-------------------------------------------------------------------|----------:|:----|:-------------------|----------:|:----|:---------------------------------|-------:|:----|:-------------------------------------------------------|--------:|:----|:------------------------------------------------------------|----------:|:----|:----------|-----------:|
| - Death or Disability                 |     | $                                                                  |    12,500 |     | $                  |   245,560 |     | $                                | 18,672 |     |                                                        |  69,600 |