Compensation award — excluded from discretionary-purchase analysis.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Jan 27, 2026
Reporting period
Not applicable
Filed with the SEC
Jan 29, 2026
CEOGrant / award
Context
Classification
grant award
Code A — grant or award
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001230471-26-000003
Filed / recorded
Jan 29, 2026, 3:19 PM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
Public Storage
Issuer CIK
1393311
Ticker
PSA
Reporting person
Joseph D Jr Russell
Relationship
Director, Officer
Officer title
President and CEO
Security
LTIP Units
Table
Derivative (Table II)
Transaction date
Jan 27, 2026
Transaction code
A
Shares / units
25,207
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
95,875.82
Ownership form
Direct
Amendment
No
Footnotes from the filing
Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as LTIP Units ("LTIP Units") granted in connection with Public Storage's 2026 named executive officer equity compensation program and pursuant to the Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The LTIP Units vest in three (3) equal annual installments beginning one (1) year from the grant date. Vested LTIP Units are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units"). OP Units may be exchanged by the reporting person for Public Storage common shares or the equivalent cash value of common shares, as determined by Public Storage. LTIP Units are intended to qualify as profits interests for US federal income tax purposes.
Includes 55,046.82 vested LTIP Units and 40,829 LTIP Units subject to time-based vesting.