Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 13

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 13
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 | •Independence:10 of 12 Trustee Nominees                                                                                           
 •Gender Diversity:4 of 12 Trustee Nominees                                                                                        
 •Racial Diversity:5 of 12 Trustee Nominees                                                                                        
 •Age Diversity:40s—1 Trustee Nominee; 50s—1 Trustee Nominee; 60s—8 Trustee Nominees; 70s—2 Trustee Nominees                       
 •Tenure:8.7 Years Average; 3 Years or Less—1 Trustee Nominee; 3 to 7 Years—7 Trustee Nominees; 7 or More Years—4 Trustee Nominees |
| Four of our trustee nominees are women, including our Lead Independent Trustee and our Audit Committee chair, and five are racially diverse or self-identify as being from an underrepresented community. Additionally, our Chairman and our CEO have provided meaningful in-person opportunities for the Board to interact with key members of management beyond our executive officers on a quarterly basis. Three-fifths of our current executive officers are diverse (including our Chief Administrative Officer (gender and racial), Chief Operating Officer (racial and veteran), and Chief Legal Officer (racial)).Given their diverse backgrounds, we believe that our trustees provide a variety of points of view that improve the quality of dialogue, contribute to a more effective decision-making process, and enhance overall culture in the boardroom. Maintaining this diversity of views and experience is a key focus area for the NGS Committee and the Board. |     |                                                                                                                                   |

#### Public Storage | 2025 Proxy Statement |13

#### Proposal 1: Election of Trustees
NOMINEE QUALIFICATIONS

The Board has nominated twelve trustees, all of whom are incumbents, for election at the Annual Meeting.

We recommend that you vote FOR each nominee.

| Nominee                                       |     | Age |     | Principal Professional Background                                                                                                      |     | Trustee Since |     | Committee             
 Membership            |
| Ronald L. Havner, Jr.                         |     |  67 |     | Chairman of the Board; Retired Chief Executive Officer of Public Storage                                                               |     |          2002 |     |                       |
| Tamara Hughes Gustavson (Independent Trustee) |     |  63 |     | Real Estate Investor; Philanthropist                                                                                                   |     |          2008 |     |                       |
| Maria R. Hawthorne  (Independent Trustee)     |     |