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