Boyle Tom 4
4 · Public Storage · Filed Feb 7, 2024
Insider Transaction Report
Form 4
Boyle Tom
Chief Investment Officer
Transactions
- Award
Stock Option (Right to Buy)
2024-02-05+100,692→ 100,692 totalExercise: $222.66From: 2024-02-16Exp: 2031-02-16→ Common Shares (100,692 underlying)
Footnotes (1)
- [F1]Reflects an award of performance-based stock options originally granted February 16, 2021, subject to a three year (2021-2023) performance period. As originally granted, this award was for 65,000 options (at target) with an exercise price of $229.95 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 February 5, 2024, following completion of the performance period, the Compensation and Human Capital Committee certified performance at 150% of target, as reflected here. Three-fifths of these options will vest on February 16, 2024, with the remaining vesting ratably over the next two years.