false 0001393311 0001393311 2023-07-21 2023-07-21 0001393311 us-gaap:CommonStockMember 2023-07-21 2023-07-21 0001393311 us-gaap:SeriesFPreferredStockMember 2023-07-21 2023-07-21 0001393311 us-gaap:SeriesGPreferredStockMember 2023-07-21 2023-07-21 0001393311 us-gaap:SeriesHPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesIPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesJPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesKPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesLPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesMPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesNPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesOPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesPPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesQPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesRPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:SeriesSPreferredStockMember 2023-07-21 2023-07-21 0001393311 psa:NotesDue2032Member 2023-07-21 2023-07-21 0001393311 psa:NotesDue2030Member 2023-07-21 2023-07-21

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 21, 2023

 

 

PUBLIC STORAGE

(Exact name of registrant as specified in its charter)

 

 

 

Maryland   001-33519   95-3551121

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

701 Western Avenue,

Glendale, California

   91201-2349
(Address of principal executive offices)   (Zip Code)

(818) 244-8080

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Class

  

Trading

Symbol

  

Name of exchange

on which registered

Common Shares, $0.10 par value   PSA   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series F, $0.01 par value   PSAPrF   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value   PSAPrG   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series H, $0.01 par value   PSAPrH   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value   PSAPrI   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series J, $0.01 par value   PSAPrJ   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value   PSAPrK   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.625% Cum Pref Share, Series L, $0.01 par value   PSAPrL   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.125% Cum Pref Share, Series M, $0.01 par value   PSAPrM   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.875% Cum Pref Share, Series N, $0.01 par value   PSAPrN   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.900% Cum Pref Share, Series O, $0.01 par value   PSAPrO   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series P, $0.01 par value   PSAPrP   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 3.950% Cum Pref Share, Series Q, $0.01 par value   PSAPrQ   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series R, $0.01 par value   PSAPrR   New York Stock Exchange
Depositary Shares Each Representing 1/1,000 of a 4.100% Cum Pref Share, Series S, $0.01 par value   PSAPrS   New York Stock Exchange
0.875% Senior Notes due 2032   PSA32   New York Stock Exchange
0.500% Senior Notes due 2030   PSA30   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02(b)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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

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

      Nathaniel A. Vitan
Date: July 21, 2023       Senior Vice President, Chief Legal Officer & Corporate Secretary

 

2

v3.23.2
Document and Entity Information
Jul. 21, 2023
Document And Entity Information [Line Items]  
Amendment Flag false
Entity Central Index Key 0001393311
Document Type 8-K
Document Period End Date Jul. 21, 2023
Entity Registrant Name PUBLIC STORAGE
Entity Incorporation State Country Code MD
Entity File Number 001-33519
Entity Tax Identification Number 95-3551121
Entity Address, Address Line One 701 Western Avenue
Entity Address, City or Town Glendale
Entity Address, State or Province CA
Entity Address, Postal Zip Code 91201-2349
City Area Code (818)
Local Phone Number 244-8080
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Common Shares, $0.10 par value
Trading Symbol PSA
Security Exchange Name NYSE
Series F Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 5.150% Cum Pref Share, Series F, $0.01 par value
Trading Symbol PSAPrF
Security Exchange Name NYSE
Series G Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value
Trading Symbol PSAPrG
Security Exchange Name NYSE
Series H Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 5.600% Cum Pref Share, Series H, $0.01 par value
Trading Symbol PSAPrH
Security Exchange Name NYSE
Series I Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value
Trading Symbol PSAPrI
Security Exchange Name NYSE
Series J Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.700% Cum Pref Share, Series J, $0.01 par value
Trading Symbol PSAPrJ
Security Exchange Name NYSE
Series K Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value
Trading Symbol PSAPrK
Security Exchange Name NYSE
Series L Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.625% Cum Pref Share, Series L, $0.01 par value
Trading Symbol PSAPrL
Security Exchange Name NYSE
Series M Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.125% Cum Pref Share, Series M, $0.01 par value
Trading Symbol PSAPrM
Security Exchange Name NYSE
Series N Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 3.875% Cum Pref Share, Series N, $0.01 par value
Trading Symbol PSAPrN
Security Exchange Name NYSE
Series O Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 3.900% Cum Pref Share, Series O, $0.01 par value
Trading Symbol PSAPrO
Security Exchange Name NYSE
Series P Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series P, $0.01 par value
Trading Symbol PSAPrP
Security Exchange Name NYSE
Series Q Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 3.950% Cum Pref Share, Series Q, $0.01 par value
Trading Symbol PSAPrQ
Security Exchange Name NYSE
Series R Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series R, $0.01 par value
Trading Symbol PSAPrR
Security Exchange Name NYSE
Series S Preferred Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Depositary Shares Each Representing 1/1,000 of a 4.100% Cum Pref Share, Series S, $0.01 par value
Trading Symbol PSAPrS
Security Exchange Name NYSE
Notes Due 2032 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title 0.875% Senior Notes due 2032
Trading Symbol PSA32
Security Exchange Name NYSE
Notes Due 2030 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title 0.500% Senior Notes due 2030
Trading Symbol PSA30
Security Exchange Name NYSE
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