4//SEC Filing
Sambar Christopher 4
Accession 0001393311-24-000197
CIK 0001393311other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 2:38 PM ET
Size
9.1 KB
Accession
0001393311-24-000197
Insider Transaction Report
Form 4
Sambar Christopher
Chief Operating Officer
Transactions
- Tax Payment
Common Shares
2024-11-05$340.60/sh−2,827$962,876→ 4,355 total - Award
LTIP Units
2024-11-05+14,363→ 14,363 total→ Common Shares (14,363 underlying) - Award
Common Shares
2024-11-05+7,182→ 7,182 total
Footnotes (3)
- [F1]Reflects a new hire make whole award of unrestricted common shares, par value $0.10 per share ("Common Shares"), of Public Storage (the "Company").
- [F2]Reflects shares withheld for taxes upon granting the award of unrestricted Common Shares.
- [F3]Reflects a new hire make whole award of membership interests in Public Storage OP, L.P. ("Public Storage OP"), a subsidiary of the Company, designated as LTIP Units ("LTIP Units"), which LTIP Units are intended to qualify as profits interests for US federal income tax purposes. The LTIP Units vest in three equal annual installments beginning one year from the grant date. The LTIP Units, if and as they become vested, are convertible, conditioned upon the satisfaction of minimum allocations to the capital account of the LTIP Units for federal income tax purposes, into Common Units in Public Storage OP ("OP Units"). The resulting OP Units may be exchanged by the reporting person for Common Shares or the equivalent cash value of Common Shares, as determined by the Company.
Documents
Issuer
Public Storage
CIK 0001393311
Entity typeother
Related Parties
1- filerCIK 0002028756
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 2:38 PM ET
- Size
- 9.1 KB