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Public Storage

Tom Boyle (Chief Executive Officer) reports PSA insider transactions

4PSAFiled Nov 13, 2026, 4:55 PM ET· Period Nov 12, 2026

AI-generated summary

Tom Boyle, Chief Executive Officer, Director of Public Storage, converted or exercised 15,491 AO LTIP Units and 5,930.94 LTIP Units on November 12, 2026. Following these transactions, the insider held 38,216.94 LTIP Units directly. No Rule 10b5-1 trading plan was reported.

View original filing on SEC.gov (opens SEC EDGAR)

Key facts

Insider
Tom Boyle · Chief Executive Officer, Director
DateTransactionSharesPriceValueHeld afterOwnership
Nov 12, 2026M · exercise or conversion of a derivativeAO LTIP UnitsFootnotes F1, F2−15,491——0Direct
Nov 12, 2026M · exercise or conversion of a derivativeLTIP UnitsFootnotes F3, F4+5,930.94$0.00$0.0038,216.94Direct
Footnotes
  1. F1 On February 26, 2024, the reporting person exchanged an option to purchase 15,491 common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of Public Storage (the "Company") for 15,491 limited partnership units in Public Storage OP, L.P. designated as AO LTIP Units ("AO LTIP Units"). AO LTIP Units are similar to "net exercise" stock option awards and are convertible, once vested, into a number of vested limited partnership units of Public Storage OP, L.P. designated as LTIP Units ("LTIP Units"), determined by the quotient of (i) the excess of the value of a Common Share as of the date of the conversion over $205.71, divided by (ii) the value of a Common Share as of the date of conversion. Vested LTIP Units into which AO LTIP Units have been converted are further convertible, [footnote continued]
  2. F2 [Continued from footnote] conditioned upon minimum allocations to the capital accounts of the LTIP Units for U.S. federal income tax purposes, into an equal number of limited partnership units in Public Storage OP, L.P. ("OP Units"). The resulting OP Units are redeemable by the holder for one Common Share per OP Unit or the cash value of a Common Share, at the Company's option.
  3. F3 Common Shares are issued upon the redemption of OP Units on a one for one basis. OP Units have no expiration date.
  4. F4 Includes 8,099 LTIP Units subject to time-based vesting.

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Not investment advice. Summaries can contain errors; the SEC filing is the official record.