PSA · NYSE

Public Storage

Self-Storage REITs · Glendale, California · founded 1972

Board members
13
CEO
Joseph D. Russell, Jr.
Insider buys, 12 mo
$0
Insider sales, 12 mo
$772K

Board of directors (13)

Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.

Ronald L. Havner, Jr.
Chairman & CEOsince 2016 or earlier
Joseph D. Russell, Jr.
President and CEOsince Mar 2019
Ronald P. Spogli
Directorsince Apr 2016
Avedick Baruyr Poladian
Directorsince Apr 2016+1 S&P board
Tamara Hughes Gustavson
Director, 10% ownersince Apr 2016
John Reyes
SENIOR VICE PRESIDENT / CFOsince Jan 2019
Tariq M. Shaukat
Directorsince Aug 2019
Kristy Pipes
Directorsince Oct 2020
Paul S. Williams
Directorsince Jan 2021
Shankh Mitra
Directorsince Jan 2021+1 S&P board
Rebecca L. Owen
Directorsince Jan 2021
Maria R. Hawthorne
Directorsince Jul 2024+1 S&P board
Luke J. Petherbridge
Directorsince Jul 2025

Executive officers (6)

Joseph D. Russell, Jr.
President and CEOsince Jul 2016
Joseph D. Fisher
President, CFOsince Feb 2026
Natalia Johnson
CD&TOsince May 2018
Tom Boyle
Chief Investment Officersince Jan 2019
Nathaniel A. Vitan
Chief Legal Officersince Apr 2019
Samuel Wade Sheek
Chief Legal Officersince Aug 2026

Company facts

Chair
Ronald L. Havner, Jr.
In S&P 500 since
Aug 2005
Incorporated in
MD
Fiscal year ends
December
SEC industry
Real Estate Investment Trusts
SEC filings
EDGAR

Connections to other S&P 500 companies

Current directors and officers who also hold a role at another S&P 500 company.

Major holders (5% or more)

Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.

No 5% holder filings parsed yet for this company.

Insider trades

Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.

Buys, 12 mo
$0
0 trades · 0 insiders
Sales, 12 mo
$772K
2 trades · 1 insiders
Net, 12 mo
-$772K
Data through
Aug 13, 2026
latest trade shown
DateInsiderTypeSharesPriceValue
Aug 13, 2026Nathaniel A. Vitan
Chief Legal Officer
Sale1,414$327.53$463K
Jun 12, 2026Nathaniel A. Vitan
Chief Legal Officer
Sale950$324.81$309K
Aug 8, 2025Luke J. Petherbridge
Director
Buy700$284.25$199K
Dec 13, 2024Nathaniel A. Vitan
Chief Legal Officer
Sale450$317.99$143K
Aug 23, 2024Nathaniel A. Vitan
Chief Legal Officer
Sale400$339.95$136K
Jun 10, 2024Nathaniel A. Vitan
Chief Legal Officer
Sale400$274.29$110K
May 14, 2024Kristy Pipes
Director
Buy2,149$278.96$599K
Dec 13, 2023Nathaniel A. Vitan
Chief Legal Officer
Sale265$282.17$75K
Dec 12, 2023John Reyes
SENIOR VICE PRESIDENT / CFO
Sale19,694$273.23$5.4M
Dec 12, 2023John Reyes
SENIOR VICE PRESIDENT / CFO
Sale33,581$272.82$9.2M
Dec 11, 2023John Reyes
SENIOR VICE PRESIDENT / CFO
Sale1,161$276.97$322K
Dec 11, 2023John Reyes
SENIOR VICE PRESIDENT / CFO
Sale12,666$275.46$3.5M
Dec 11, 2023John Reyes
SENIOR VICE PRESIDENT / CFO
Sale36,173$276.13$10.0M
Nov 30, 2023Ronald L. Havner, Jr.
Chairman & CEO
Sale10,000$258.09$2.6M
Nov 20, 2023Avedick Baruyr Poladian
Director
Sale5,000$259.35$1.3M
Nov 10, 2023Nathaniel A. Vitan
Chief Legal Officer
Sale400$245.37$98K
Dec 12, 2022Joseph D. Russell, Jr.
President and CEO
Buy2,500$297.65$744K
Aug 22, 2022Tamara Hughes Gustavson
Director
Sale24$350.00$8K
Aug 22, 2022Tamara Hughes Gustavson
Director
Sale63$348.85$22K
Aug 22, 2022Tamara Hughes Gustavson
Director
Sale82$348.17$28K
Aug 22, 2022Tamara Hughes Gustavson
Director
Sale14$347.00$5K
Aug 22, 2022Tamara Hughes Gustavson
Director
Sale21$346.04$7K
Aug 19, 2022Tamara Hughes Gustavson
Director
Sale122$353.15$43K
Aug 19, 2022Tamara Hughes Gustavson
Director
Sale462$352.60$163K
Aug 19, 2022Tamara Hughes Gustavson
Director
Sale495$351.45$174K

Board and executive changes

Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.

  1. Aug 10, 2026

    On August 4, 2026, Public Storage (the “Company”) appointed S. Wade Sheek as the Company’s Chief Legal Officer and Corporate Secretary, effective August 17, 2026. Mr. Sheek recently served as Senior Vice President, Chief Legal Officer and Secretary of Herc Holdings, Inc. As of the effective date of the appointment, Mr. Sheek will replace Nathaniel A. Vitan, the Company’s current Chief Legal Officer and Corporate Secretary. Mr. Vitan will continue to be employed by the Company as a senior advisor until October 1, 2026 to facilitate the transition of these roles to Mr. Sheek.

    Read the 8-K filing
  2. Jul 7, 2026

    On July 2, 2026, Chris Sambar, the Chief Operating Officer of Public Storage (the “Company”), resigned effective at the end of July to join T-Mobile as Chief Enterprise Officer. The resignation did not relate to a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. As Public Storage progresses its PS4.0 ™ strategic vision, the Company’s deep bench of operational leaders will drive industry-leading customer experience and execute the planned integrations of the Company’s recently announced acquisitions. The operations leadership team will report directly to Chief Executive Officer, Tom Boyle, until a permanent replacement is identified.

    Read the 8-K filing
  3. Feb 12, 2026

    Chief Executive Officer Succession On February 10, 2026, Joseph D. Russell, Jr. notified the Board of Trustees (the “Board”) of Public Storage (the “Company”) of his intention to retire from his positions as the Company’s President and Chief Executive Officer (“CEO”), effective as of March 31, 2026 (the “Retirement Date”). Mr. Russell’s retirement is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. On February 10, 2026, the Board appointed H. Thomas Boyle, the Company’s current Senior Vice President, Chief Financial and Investment Officer, to succeed Mr. Russell as CEO, effective April 1, 2026. Mr. Boyle, age 42, has served as the Company’s Chief Financial Officer since January 1, 2019, and as Chief Investment Officer since January 1, 2023. Previously, Mr.

    Read the 8-K filing
  4. Jul 30, 2025

    Also on July 30, 2025, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to thirteen trustees and, in connection with such increase, appointed Luke Petherbridge to the Board, effective immediately, with an initial term expiring at the 2026 annual meeting of shareholders. The Board also appointed Mr. Petherbridge to serve as a member of the Nominating, Governance, and Sustainability Committee. Mr. Petherbridge has served as Chief Executive Officer of Link Logistics since September 2020. Prior thereto, Mr. Petherbridge served as President and Chief Executive Officer of LivCor, LLC from July 2019 to September 2020, President and Chief Executive Officer of ShopCore Properties from May 2016 to September 2020, and in various executive and leadership positions at public and private real estate companies in the United States and Australia.

    Read the 8-K filing
  5. Oct 31, 2024

    On October 30, 2024, the Board of Trustees of Public Storage appointed Christopher Sambar, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately. Mr. Sambar, age 51, joined the Company on October 14, 2024. Prior to joining Public Storage, Mr. Sambar held various roles of increasing responsibility at AT&T Communications since 2002, most recently as President, AT&T Network, where he led approximately 27,000 employees across network operations. Mr. Sambar has extensive operations, business development, financial planning and analysis, and corporate strategy experience. He has served as a director of AST SpaceMobile, Inc. (NASDAQ: ASTS) since June 2024. Mr.

    Read the 8-K filing
  6. Jul 26, 2024

    On July 25, 2024, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to twelve trustees and, in connection with such increase, appointed Maria R. Hawthorne to the Board, effective immediately, with an initial term expiring at the 2025 annual meeting of shareholders. The Board also appointed Ms. Hawthorne to serve as a member of the Audit Committee. The Board has affirmatively determined that Ms. Hawthorne is “independent” under the rules of the New York Stock Exchange and the rules and regulations of the Securities Exchange Act of 1934, as amended (the “applicable rules”). The Board has also affirmatively determined that Ms. Hawthorne meets the heightened independence requirements for audit committee members and qualifies as “financially literate” and an “audit committee financial expert” under the applicable rules. Ms.

    Read the 8-K filing
  7. Jul 21, 2023

    On July 21, 2023, Public Storage (the “Company”) announced that David Lee, the Company’s Chief Operating Officer, resigned for personal reasons effective August 1, 2023. 1

    Read the 8-K filing
  8. Jul 5, 2023

    On June 28, 2023, the Compensation and Human Capital Committee (the “Committee”) of Public Storage (the “Company”) approved certain changes to the compensation of Joseph D. Russell, Jr., the Company’s President and Chief Executive Officer, based upon a review of peer compensation levels and practices by the Committee’s independent compensation consultant. Effective July 1, 2023, the Committee increased Mr. Russell’s base salary from $800,000 to $1,000,000 per year. The Committee also increased Mr. Russell’s target annual performance-based bonus to 200% of his base salary. The Committee did not modify the performance criteria or goals for Mr. Russell’s 2023 annual performance-based bonus award. 1

    Read the 8-K filing
  9. Feb 21, 2023

    On February 21, 2023, Public Storage announced the appointment of David Lee, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately. Mr. Lee, age 47, has served as the Company’s Chief Operating Officer since November 1, 2021. Prior to joining Public Storage, Mr. Lee held various roles of increasing responsibility at The UPS Store since 2002, most recently as Senior Vice President of Operations, leading operational and team engagement strategy across more than 5,200 retail locations in the U.S. and Canada. There are no family relationships between Mr. Lee and any trustee or executive officer, and, except for compensation paid to Mr. Lee for his service as an employee of the Company to date, there have been no transactions between Mr.

    Read the 8-K filing
  10. Jan 19, 2021

    On January 18, 2021, the Board approved the committee assignments for Messrs. Neithercut and Williams, and Mses. Owen and Shroff. In conjunction with these assignments, the Board also made certain other changes to the committee and Chair assignments, such that effective January 18, 2021, the committees of the Board comprise the following: Audit Committee Kristy M. Pipes (Chair) Rebecca Owen Avedick B. Poladian Tariq M. Shaukat Compensation Committee Avedick B.. Poladian (Chair) Michelle Millstone-Shroff Ronald P. Spogli Paul S. Williams Nominating/Corporate Governance Committee Ronald P. Spogli (Chair) Leslie S. Heisz David J. Neithercut Kristy M. Pipes Paul S. Williams

    Read the 8-K filing
  11. Jan 5, 2021

    Director or officer change (Item 5.02). Open the filing for details.

    Read the 8-K filing
  12. Dec 14, 2020

    On December 13, 2020, Public Storage (the “Company”) announced that each of Uri P. Harkham, B. Wayne Hughes, Jr., and Daniel C. Staton will retire from the Board of Trustees (the “Board”) of the Company, effective December 31, 2020. The retirements were not due to any disagreements relating to matters concerning the Company’s operations, policies or practices. Also on December 13, 2020, the Board appointed three new independent trustees, Shankh Mitra, David Neithercut, and Paul Williams (the “Appointees”), to the Board to fill the vacancies created by the departures of Mr. Harkham, Mr. Hughes, and Mr. Staton, effective January 1, 2021. The Board has affirmatively determined that each of Mr. Mitra, Mr. Neithercut and Mr.

    Read the 8-K filing
  13. Oct 28, 2020

    On October 23, 2020, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to thirteen trustees and, in connection with such increase, appointed Kristy M. Pipes to serve as an independent trustee of the Company effective October 26, 2020. The Board also appointed Ms. Pipes to serve on the Audit Committee. Ms. Pipes, 61, brings to the Board extensive financial analysis and operational expertise as well as deep management and leadership experience. From September 1999 to April 2019, Ms. Pipes served in various finance roles at Deloitte Consulting, a management consultancy firm, including as Managing Director and Chief Financial Officer. Ms. Pipes has been a director of PS Business Parks, Inc. since July 2019. Ms. Pipes will receive compensation consistent with that received by the Company’s other non-employee trustees.

    Read the 8-K filing
  14. Jul 30, 2019

    On July 24, 2019, the Board of Trustees (the “Board”) of Public Storage (the “Company”) increased the size of the Board to twelve trustees and, in connection with such increase, appointed Tariq M. Shaukat to serve as trustee of the Company effective July 30, 2019. The Board appointed Mr. Shaukat to serve on the Audit Committee. Mr. Shaukat provides financial and operational expertise, having served in senior management positions at several companies, including Caesars Entertainment Corporation and McKinsey & Company. He is currently President of Partner and Industry Platforms for Google Cloud at Google LLC. Mr.

    Read the 8-K filing
  15. Apr 19, 2019

    On April 15, 2019, Lily Y. Hughes, Senior Vice President, Chief Legal Officer and Corporate Secretary of Public Storage (the “Company”) tendered her resignation to accept a position as chief legal officer of another public company closer to her family. On April 18, 2019, the Board of Trustees of the Company promoted Nathaniel A. Vitan, the Company’s Vice President & Chief Counsel—Litigation & Operations since June 2016 to Senior Vice President, Chief Legal Officer and Corporate Secretary effective April 20, 2019. Ms. Hughes will work in close partnership with Mr. Vitan to ensure a smooth transition through May 31, 2019. A copy of the Company’s press release is furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K.

    Read the 8-K filing
Show 4 older changes
  1. Mar 8, 2019

    On March 4, 2019, the Compensation Committee of the Board of Trustees of Public Storage (the “Board”) approved 2019 compensation for Joseph D. Russell, Jr. and H. Thomas Boyle, who were appointed as President and Chief Executive Officer and Senior Vice President and Chief Financial Officer of the Company, respectively, effective January 1, 2019. For the 2019 fiscal year, Mr. Russell will be entitled to a base salary of $700,000 and a target bonus equal to 100% of his base salary. He will also be eligible to receive an award of performance-based restricted stock units (“RSUs”) tied to the achievement of certain 2019 growth targets, with a target award of 7,500 RSUs. If earned the RSUs would be subject to five-year vesting.

    Read the 8-K filing
  2. Feb 21, 2018

    On February 20, 2018, Public Storage (the “Company”) announced a number of key senior management changes as part of its succession-planning program. Effective January 1, 2019, Joseph D. Russell, Jr., age 58, will be appointed Chief Executive Officer (“CEO”) of the Company, in addition to his role as President. Mr. Russell will also join the Board of Trustees (the “Board”) as trustee on the same date. Mr. Russell will succeed Ronald L. Havner, Jr. as CEO, who will step down as CEO and will continue as Chairman of the Board. Mr. Russell has been President of the Company since July 2016. Prior to joining the Company, Mr. Russell was CEO of PS Business Parks, Inc. from August 2003 to July 2016 and President from September 2002 until August 2015. Mr. Russell has also served as a director of PS Business Parks since August 2003.

    Read the 8-K filing
  3. Apr 17, 2017

    On April 1 7 , 2017, the Company issued a press release announcing the retirement of Candace Krol, Senior Vice President and Chief Human Resources Officer and David Doll, Senior Vice President and President, Real Estate, effective April 28, 2017 . A copy of this press release is furnished hereto as Exhibit 99.1 to this Current Report on Form 8-K. 

    Read the 8-K filing
  4. Jun 17, 2016

    On June 17, 2016, the Board of Trustees of Public Storage (the “Board”) approved the appointment of Joseph D. Russell, Jr., age 56, as President, effective July 1, 2016. Mr. Russell has been part of the Public Storage family of companies since 2002, and has served as PS Business Parks’ Chief Executive Officer since August 2003. Mr. Russell will continue to serve as a member of the Board of Directors of PS Business Parks. Mr. Russell will be entitled to a base salary of $600,000 and a target bonus equal to 100% of his base salary. In connection with his appointment as President, he will also receive a stock option grant of 25,000 shares of the company’s common stock and a grant of 10,000 restricted stock units, each subject to vesting over five years. During Mr.

    Read the 8-K filing

Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021

Share price

$337.46+36% since 2016 board/officer change filed
18429039720172019202120232025

Annual financials

From the company's 10-K XBRL data (SEC companyfacts).

Fiscal yearRevenueNet incomeMarginDiluted EPSTotal assets
FY2025$4.8B$1.8B37.0%$9.01$20.2B
FY2024$4.7B$2.1B44.1%$10.64$19.8B
FY2023$4.5B$2.1B47.6%$11.06$19.8B
FY2022$4.2B$4.3B104.0%$23.50$17.6B
FY2021$3.4B$2.0B57.2%$9.87$17.4B
FY2020$2.9B$1.4B46.6%$6.29$11.8B
FY2019$2.9B$1.5B53.3%$7.29$11.4B
FY2018$2.8B$1.7B62.0%$8.54$10.9B

Former directors and officers (13)

People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.

Show the list
Christopher Sambar
Chief Operating OfficerNov 2024 – Mar 2025
David J. Neithercut
DirectorJan 2021 – May 2024
Heisz Leslie Stone
DirectorFeb 2017 – Mar 2024
David Lee
Chief Operating OfficerMar 2023 – Mar 2023
Shroff Michelle Millstone
DirectorJan 2021 – May 2022
B. Wayne Hughes, Jr.
Director2016 or earlier – Aug 2021
Daniel C. Staton
DirectorApr 2016 – Jan 2021
Uri P. Harkham
DirectorApr 2016 – Jan 2021
Gary E. Pruitt
DirectorApr 2016 – Apr 2020
B. Wayne Et Al Hughes
10% ownerJan 2017 – Jan 2020
Lily Yan Hughes
SVP, CLO & Corp Sec2016 or earlier – Mar 2019
David F. Doll
SENIOR VICE PRESIDENT2016 or earlier – Mar 2017
Candace N. Krol
SVP & CHRO2016 or earlier – Mar 2017
Public Storage (PSA) board, executives and insiders | USBoard