4//SEC Filing
HAVNER RONALD L JR 4
Accession 0001393311-25-000091
CIK 0001393311other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 2:39 PM ET
Size
9.6 KB
Accession
0001393311-25-000091
Insider Transaction Report
Form 4
HAVNER RONALD L JR
DirectorVICE CHAIRMAN & CEO
Transactions
- Gift
Common Shares
2025-05-08−734→ 7,708.85 total - Award
AO LTIP Units
2025-05-07+3,177→ 3,177 totalExercise: $299.90From: 2026-05-07Exp: 2035-05-06→ Common Shares (3,177 underlying)
Holdings
- 1,900(indirect: By Spouse)
Common Shares
- 317,053(indirect: By Trust)
Common Shares
Footnotes (4)
- [F1]Reflects transfer of shares to Mr. Havner's trust.
- [F2]Includes 2,708.85 deferred share units. Mr. Havner postponed receipt of 10,000 vested restricted share units granted February 19, 2015 with an original vesting date of April 1, 2016 in accordance with the following schedule: 10 equal installments over 10 years starting April 1, 2021 to April 1, 2030. 5,000 remain subject to deferred receipt and are also included here.
- [F3]Ronald L. Havner and LeeAnn R. Havner, Trustee of Havner Family Trust.
- [F4]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 Amended and Restated Public Storage 2021 Equity and Performance-Based Incentive Compensation Plan. The AO LTIP Units vest in full 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.
Documents
Issuer
Public Storage
CIK 0001393311
Entity typeother
Related Parties
1- filerCIK 0001227384
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 2:39 PM ET
- Size
- 9.6 KB