Public Storage Files 8-K: Board, Compensation, Financials
Ticker: PSA-PS · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1393311
| Field | Detail |
|---|---|
| Company | Public Storage (PSA-PS) |
| Form Type | 8-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $0.01, $540,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, financials, filing
Related Tickers: PSA
TL;DR
PSA filed an 8-K on 7/25/24 covering board changes, exec pay, and financial exhibits for notes and preferred stock.
AI Summary
On July 25, 2024, Public Storage (PSA) filed an 8-K detailing changes in its board of directors and executive compensation. The filing also includes financial statements and exhibits related to various series of preferred stock and guarantee notes due in 2030 and 2032.
Why It Matters
This filing provides insight into Public Storage's corporate governance and financial structure, which can influence investor confidence and stock performance.
Risk Assessment
Risk Level: low — The filing is routine and primarily informational, with no immediate negative financial implications disclosed.
Key Numbers
- 2024-07-25 — Filing Date (Date of the 8-K filing)
- 2024-07-25 — Period of Report (Date as of which the report is filed)
Key Players & Entities
- Public Storage (company) — Filer
- PSA (company) — Ticker Symbol
- 2032 (dollar_amount) — Maturity year for Guarantee Notes
- 2030 (dollar_amount) — Maturity year for Guarantee Notes
FAQ
What specific changes were made to the board of directors?
The filing indicates 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item of information, but the specific details of these changes are not provided in the provided text snippet.
What are the details of the compensatory arrangements for certain officers?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item of information, but the specific details of these arrangements are not included in the provided text snippet.
What financial statements and exhibits are included in this filing?
The filing includes 'Financial Statements and Exhibits' and lists various preferred stock series (Series F through O) and Guarantee Notes due in 2030 and 2032 as related financial instruments.
What is the company's Standard Industrial Classification (SIC) code?
Public Storage's SIC code is 6798, which corresponds to Real Estate Investment Trusts.
When is Public Storage's fiscal year end?
Public Storage's fiscal year ends on December 31st.
Filing Stats: 1,085 words · 4 min read · ~4 pages · Grade level 9.3 · Accepted 2024-07-25 21:02:34
Key Financial Figures
- $0.10 — ge on Which Registered Common Shares, $0.10 par value PSA New York Stock Exchan
- $0.01 — 0 of a 5.150% Cum Pref Share, Series F, $0.01 par value PSAPrF New York Stock Exc
- $540,000 — mber of AO LTIP Units equal in value to $540,000 as determined based on a Black-Scholes
Filing Documents
- d826091d8k.htm (8-K) — 54KB
- d826091dex991.htm (EX-99.1) — 6KB
- 0001193125-24-185158.txt ( ) — 312KB
- psa-20240725.xsd (EX-101.SCH) — 6KB
- psa-20240725_def.xml (EX-101.DEF) — 18KB
- psa-20240725_lab.xml (EX-101.LAB) — 35KB
- psa-20240725_pre.xml (EX-101.PRE) — 20KB
- d826091d8k_htm.xml (XML) — 24KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Public Storage Press Release dated July 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PUBLIC STORAGE By: /s/ Nathaniel A. Vitan Date: July 25, 2024 Nathaniel A. Vitan Senior Vice President, Chief Legal Officer and Corporate Secretary 2