Company: NSA-PB
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001628280-25-015431
Chunk: 33

Company: National Storage Affiliates Trust
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 33
---
 to vest in equal annual installments on January 1, 2026 and January 1, 2027, respectively, subject to the continued employment of the NEO.

The following table summarizes the number of performance-based LTIP unit awards granted on December 2, 2024 that may be earned by each NEO contingent upon performance between December 2, 2024 and December 2, 2025 and the total number of time-based awards granted on December 2, 2024 that each NEO may earn by December 2, 2026:

| NATIONAL STORAGE AFFILIATES 2025 PROXY STATEMENT |     | 37 |

|                       | NEO |     |        December 2, 2024 
 Performance-based Award |     |     | December 2, 2024 
 Time-based Award |
|:----------------------|:----|:----|------------------------:|:----|:----|-----------------:|
| Tamara D. Fischer     |     |     |                  11,268 |     |     |            7,513 |
| David G. Cramer       |     |     |                  22,536 |     |     |           15,025 |
| Brandon S. Togashi    |     |     |                  13,980 |     |     |            9,322 |
| William S. Cowan, Jr. |     |     |                  13,563 |     |     |            9,044 |
| Tiffany S. Kenyon     |     |     |                   5,217 |     |     |            3,478 |

Outcome of Performance-Based Awards Granted in 2022

During the performance period from January 1, 2022 through December 31, 2024, the Company's 3-year relative TSR ranked in approximately the 24th percentile as compared to the TSR of companies in the MSCI US REIT Index and equaled the Peer Group 3-Year Weighted Average TRS minus 2,165 basis points. As a result, none of the performance-based LTIP unit awards related to the performance period ending December 31, 2024 vested on January 1, 2025.

#### EQUITY INCENTIVE PLAN
Our 2024 Plan allows for grants of share options, restricted Common Shares, phantom shares, dividend equivalent rights, LTIP units and other restricted limited partnership units issued by our operating partnership and other equity-based awards.

Our