4//SEC Filing
Boyle Tom 4
Accession 0001393311-25-000044
CIK 0001393311other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 11:35 AM ET
Size
6.3 KB
Accession
0001393311-25-000044
Insider Transaction Report
Form 4
Boyle Tom
CFO and CIO
Transactions
- Award
AO LTIP Units
2025-03-05+13,810→ 13,810 totalExercise: $311.30Exp: 2035-03-04→ Common Shares (13,810 underlying)
Footnotes (2)
- [F1]Reflects an award of membership interests in Public Storage OP, L.P. ("Public Storage OP") designated as AO LTIP Units ("AO LTIP Units") granted pursuant to the Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in five (5) equal annual installments beginning one (1) year from the grant date. Vested AO LTIP Units are convertible at the reporting person's election into vested LTIP Units ("LTIP Units") of Public Storage OP, which 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. AO LTIP Units and LTIP Units are intended to qualify as profits interests for US federal income tax purposes.
- [F2]These AO LTIP Units become exercisable as to one-fifth on each of March 5, 2026, 2027, 2028, 2029, and 2030.
Documents
Issuer
Public Storage
CIK 0001393311
Entity typeother
Related Parties
1- filerCIK 0001734897
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 11:35 AM ET
- Size
- 6.3 KB