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
Mar 15, 2026
Reporting period
Not applicable
Filed with the SEC
Mar 18, 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
0001230471-26-000005
Filed / recorded
Mar 18, 2026, 12:38 AM 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
Mar 15, 2026
Transaction code
A
Shares / units
10,520
Price per share
$0.00
Acquired / disposed
Acquired (A)
Shares owned after
106,395.82
Ownership form
Direct
Amendment
No
Footnotes from the filing
Reflects an award of LTIP Units of Public Storage OP, which, if and as they become vested, are convertible, conditioned upon the satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into 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.
Reflects an award of performance-based LTIP Units (substituted on February 26, 2024 for an award of restricted share units originally granted March 15, 2023), subject to a three year (2023-2026) performance period. On February 26, 2024, the restricted share unit award was cancelled upon surrender to Public Storage and the reporting person received a replacement award of LTIP Units upon substantially identical terms. On March 15, 2026, following completion of the performance period, the Compensation and Human Capital Committee certified performance at 100% of target, as reflected here.
Three-fifths of this award will vest on March 20, 2026, with the remaining vesting ratably over the next two years.
Includes 64,069.82 vested LTIP Units and 42,326 LTIP Units subject to time-based vesting.