Public Storage Files Definitive Proxy Statement

Ticker: PSA-PS · Form: DEF 14A · Filed: Mar 25, 2024 · CIK: 1393311

Public Storage DEF 14A Filing Summary
FieldDetail
CompanyPublic Storage (PSA-PS)
Form TypeDEF 14A
Filed DateMar 25, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$4.5 billion, $3.4 billion, $3.1 billion, $0.10, $21.38
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Public Storage, SEC Filing, Corporate Governance

TL;DR

<b>Public Storage has filed its Definitive Proxy Statement for the period ending May 7, 2024.</b>

AI Summary

Public Storage (PSA-PS) filed a Proxy Statement (DEF 14A) with the SEC on March 25, 2024. Public Storage filed a Definitive Proxy Statement on March 25, 2024. The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934. The company's fiscal year ends on December 31. The filing is for the period ending May 7, 2024. Public Storage is incorporated in Maryland.

Why It Matters

For investors and stakeholders tracking Public Storage, this filing contains several important signals. This filing is a standard procedural step for publicly traded companies to provide shareholders with information regarding upcoming meetings and voting matters. Shareholders will be able to review executive compensation details, board nominations, and other corporate governance information.

Risk Assessment

Risk Level: low — Public Storage shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational news.

Analyst Insight

Review the proxy statement for details on executive compensation, board proposals, and shareholder voting matters.

Key Numbers

  • 2024-03-25 — Filing Date (Filed as of date)
  • 2024-05-07 — Reporting Period End Date (Conformed period of report)
  • 1231 — Fiscal Year End (Fiscal year end)
  • 001-33519 — SEC File Number (SEC file number)

Key Players & Entities

  • Public Storage (company) — Registrant
  • Securities Exchange Act of 1934 (regulator) — Act
  • Maryland (company) — State of Incorporation
  • 701 Western Avenue (company) — Business Address Street 1
  • Glendale (company) — Business Address City
  • CA (company) — Business Address State
  • 91201-2349 (company) — Business Address ZIP
  • 818-244-8080 (company) — Business Phone

FAQ

When did Public Storage file this DEF 14A?

Public Storage filed this Proxy Statement (DEF 14A) with the SEC on March 25, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Public Storage (PSA-PS).

Where can I read the original DEF 14A filing from Public Storage?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Public Storage.

What are the key takeaways from Public Storage's DEF 14A?

Public Storage filed this DEF 14A on March 25, 2024. Key takeaways: Public Storage filed a Definitive Proxy Statement on March 25, 2024.. The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934.. The company's fiscal year ends on December 31..

Is Public Storage a risky investment based on this filing?

Based on this DEF 14A, Public Storage presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational news.

What should investors do after reading Public Storage's DEF 14A?

Review the proxy statement for details on executive compensation, board proposals, and shareholder voting matters. The overall sentiment from this filing is neutral.

How does Public Storage compare to its industry peers?

Public Storage operates in the Real Estate Investment Trusts (REITs) sector, specifically focusing on self-storage facilities.

Are there regulatory concerns for Public Storage?

The filing is made under the Securities Exchange Act of 1934, which governs the reporting and disclosure requirements for public companies.

Industry Context

Public Storage operates in the Real Estate Investment Trusts (REITs) sector, specifically focusing on self-storage facilities.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting and disclosure requirements for public companies.

What Investors Should Do

  1. Review the full DEF 14A filing for detailed information on executive compensation.
  2. Examine the proposals to be voted on by shareholders at the upcoming meeting.
  3. Note the dates and times for the shareholder meeting and any related deadlines.

Year-Over-Year Comparison

This is a routine DEF 14A filing, typical for a public company, and does not represent a change from previous filings of this nature.

Filing Stats: 4,204 words · 17 min read · ~14 pages · Grade level 17.4 · Accepted 2024-03-25 16:00:41

Key Financial Figures

  • $4.5 billion — ategies. We achieved record revenues of $4.5 billion and record net operating income of $3.4
  • $3.4 billion — lion and record net operating income of $3.4 billion. We increased our portfolio by 13.9 mil
  • $3.1 billion — ment (with an estimated market value of $3.1 billion at stabilization), including our succes
  • $0.10 — e meeting. Each common share, par value $0.10 per share (common share), of the Compan
  • $21.38 — vailable Square Foot (Same Store) $21.38 (1) Net operating income (NOI) and Co

Filing Documents

Executive Compensation Tables

Executive Compensation Tables 62 Potential Payments Upon Termination or Change in Control 66 Pay Ratio Disclosure 69 Pay Versus Performance Tables 70 Share Ownership of Trustees and Management 74 Additional Information about Trustees, Executive Officers, and Management 76 PROPOSAL 3: Ratification of Independent Registered Public Accounting Firm 78 Executive Summary 79 Fees Billed to the Company by EY for 2023 and 2022 79 Audit Committee Report 80 Vote Required and Recommendation 81 GENERAL INFORMATION ABOUT THE MEETING 82 Purpose of Proxy Solicitation 82 Important Notice Regarding Delivery of Security Holder Documents 82 Availability of Proxy Statement and Annual Report 82 Date, Time, and Place of the Annual Meeting 82 Who Can Vote 83 Quorum for the Annual Meeting 83 How Votes are Counted 83 Trustee Nominees Who Do Not Receive a Majority of the Votes Cast 83 How Proxies Will Be Voted 83 How to Cast a Vote 84 How to Vote as a Participant in the Company's 401(k) Plan 84 Changing Your Vote 85 Cost of this Proxy Solicitation 85 Contacting Our Transfer Agent 85 Consideration of Candidates for Trustee 85 ii | Public Storage | 2024 Proxy Statement Table of Contents Page Deadlines for Receipt of Shareholder Proposals 86 Householding 87 Your Vote is Important 87 APPENDIX A – NON-GAAP MEASURES A- 1 Core FFO per Share A- 2 Public Storage | 2024 Proxy Statement | iii PROXY STATE MENT SUMMARY This summary highlights information you will find in this proxy statement and does not contain all the information that you should consider. You should read the entire proxy statement carefully before voting. 2024 ANNUAL MEETING INFORMATION Date and Time Location Record Date Proxy Mail Date Tuesday, May 7, 2024 at 11:00 a.m. Eastern Time The Millennium Downtown New York 55 Church Street New York, New York 10007 March 5, 2024 On o

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.