Company: PSA-PH
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046747
Chunk: 83

Company: Public Storage
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 83
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. Spogli, 2,634.14 DSUs; and Mr. Williams, 1,096 DSUs.

Includes AO LTIP Units convertible to LTIP Units within 60 days of March 3, 2025 or, in the case of non-management trustees who are eligible for retirement, AO LTIP Units convertible to LTIP Units that are subject to acceleration upon retirement within 60 days of March 3, 2025.

Includes fully vested LTIP Units and LTIP Units scheduled to vest within 60 days of March 3, 2025 or, in the case of non-management trustees who are eligible for retirement, LTIP Units that are subject to acceleration upon retirement within 60 days of March 3, 2025.

Represents total common shares beneficially owned as of March 3, 2025. The percentage held is calculated using the outstanding common shares on March 3, 2025 of 175,417,465.

Includes 316,319 common shares held indirectly in a family trust account for which Mr. Havner and his spouse serve as trustee. These common shares are in a margin account. Since January 1, 2023, these common shares have served, and may in the future serve, as collateral for a margin loan. Does not include 1,900 common shares held by Mr. Havner’s spouse in an IRA for which Mr. Havner disclaims beneficial ownership.

Includes 11,348 common shares held jointly by Ms. Gustavson and B. Wayne Hughes, Jr., as to which they share investment power. Also includes 1,300 common shares held by Ms. Gustavson’s spouse and 5,500 common shares held jointly with her spouse, as to all of which they share investment power. Also includes 295,000 common shares and 2,975,000 common shares held by limited liability companies of which Ms. Gustavson is a member and manager.

Includes 8,429 common shares held in a margin account. Since January 1, 2022, these shares have served, and may in the future serve, as collateral for a margin loan.

#### 78| Public Storage | 2025 Proxy Statement

#### Share Ownership of Trustees and Management
The following table sets forth information as of the dates indicated with respect to persons known to us to be the beneficial owners of more than 5% of our outstanding common shares:

|                               |     | Common Shares Beneficially Owned |            |