Public Storage: director Ronald L Havner Jr received 107 shares

What happened

• Ronald L Havner Jr, a director, received 107 shares on Oct 2, 2026 as a grant/award (transaction code A). The filing lists the price as N/A and total value as N/A.
• The grant is reported as derivative interests (LTIP Units) in Public Storage OP, L.P., convertible into OP Units and ultimately exchangeable for common shares or cash subject to the plan terms.

Key details

• Transaction date and price: Oct 2, 2026; price N/A.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: the award consists of fully-vested LTIP Units under the Non-Management Trustee Compensation and Deferral Program of the Amended and Restated 2021 Equity and Performance-Based Incentive Compensation Plan; LTIP Units are intended to qualify as profits interests and are convertible to OP Units, which may be exchanged for common shares or cash.
• Filing timeliness: report filed on Oct 2, 2026; no late filing indicated.

Why it may matter

• This was an award of LTIP Units (derivative membership interests), not a market purchase or sale of existing common shares.
• A filing does not show why the insider traded or why the company acted.