Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 37

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 37
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 AO LTIP Units, of which 3,442 were fully vested and exercisable; Ms. Owen: 29,253 AO LTIP Units, of which 20,598 were fully vested and exercisable; Ms. Pipes: 34,417 AO LTIP Units, of which 25,762 were fully vested and exercisable; Mr. Poladian: 49,904 AO LTIP Units, of which 41,249 were fully vested and exercisable; Mr. Reyes: 359,732 AO LTIP Units, of which 351,077 were fully vested and exercisable; Mr. Shaukat: 37,691 AO LTIP Units, of which 29,036 were fully vested and exercisable; Mr. Spogli: 49,904 AO LTIP Units, of which 41,249 were fully vested and exercisable; and Mr. Williams: 34,417 AO LTIP Units, of which 25,762 were fully vested and exercisable.

Pursuant to the Company’s Trustee Deferral Program, each of Messrs. Havner, Neithercut, Reyes, and Spogli elected to receive all of his 2024 Board fees in DSUs, Mr. Williams elected to receive 55% of his 2024 Board fees in DSUs, and Mr. Mitra elected to receive all of his 2024 Board fees in unrestricted common shares, in each case as follows: Mr. Havner: 393 DSUs; Mr. Neithercut: 196 DSUs; Mr. Reyes: 418 DSUs; Mr. Spogli: 554 DSUs; Mr. Williams: 261 DSUs; and Mr. Mitra: 434 common shares. Additionally, each of Mr. Havner and Mr. Spogli elected to receive the dividend equivalents paid on his DSUs granted in 2024 in additional DSUs and received 5.78 and 8.14 DSUs, respectively. Each DSU represents the right to receive one common share. The DSUs will be settled in unrestricted common shares as follows: for each of Messrs. Havner, Reyes, and Williams, in a lump sum upon his separation from service as a trustee; for Mr. Neithercut, in a lump sum on January 1, 2035; and for Mr. Spogli, in a lump sum on January 1 of the calendar year following his separation from service as a trustee, or, in each