0001567619-23-004138.txt : 20230302 0001567619-23-004138.hdr.sgml : 20230302 20230302124528 ACCESSION NUMBER: 0001567619-23-004138 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230117 FILED AS OF DATE: 20230302 DATE AS OF CHANGE: 20230302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RUSSELL JOSEPH D JR CENTRAL INDEX KEY: 0001230471 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33519 FILM NUMBER: 23697543 MAIL ADDRESS: STREET 1: PUBLIC STORAGE STREET 2: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Public Storage CENTRAL INDEX KEY: 0001393311 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 953551121 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201-2349 BUSINESS PHONE: 818-244-8080 MAIL ADDRESS: STREET 1: 701 WESTERN AVENUE CITY: GLENDALE STATE: CA ZIP: 91201-2349 4 1 doc1.xml FORM 4 X0306 4 2023-01-17 0 0001393311 Public Storage PSA 0001230471 RUSSELL JOSEPH D JR C/O PUBLIC STORAGE 701 WESTERN AVENUE GLENDALE CA 91201 1 1 0 0 President and CEO Common Stock 2023-02-28 4 F 0 217 298.95 D 45131 D Common Stock 2023-02-28 4 F 0 1790 298.95 D 43341 D Stock Option (Right to Buy) 221.68 2023-01-17 4 A 0 103275 0 A 2023-03-06 2030-03-06 Common Stock 103275 103275 D Includes 30,650 restricted stock units. Includes 26,900 restricted stock units. Reflects an award of performance-based stock options originally granted March 6, 2020, subject to a three year (2020-2022) performance period. As originally granted, this award was for 80,000 options (at target) with an exercise price of $228.94 per share. Pursuant to anti-dilution provisions of the Company's 2016 Equity and Performance-Based Incentive Compensation Plan, these options were adjusted to reflect the special dividend declared by the Company on July 22, 2022. On January 17, 2023, following completion of the performance period, the Compensation Committee certified performance at 125% of target, as reflected here. Three-fifths of these options will vest on March 6, 2023, with the remaining vesting ratably over the next two years. These options were previously inadvertently omitted. /s/ Nathaniel A. Vitan, Attorney-in-Fact 2023-03-02