SPOGLI RONALD P bought PSA
March 5, 2024 · Form 4 insider transaction
SPOGLI RONALD P bought 5,000 shares of Public Storage, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Direction
Acquired (buy-side)
Shares
5,000
Price
N/A
Total value
N/A
InsiderSPOGLI RONALD P
Role—
CompanyPublic Storage (PSA)
SecurityAO LTIP Units
Transaction codeA: Grant or award
Transaction dateMarch 5, 2024
Filing dateMarch 6, 2024
Shares owned after5,000
OwnershipDirect
10b5-1 planNo
AmendedNo
Footnotes
In exchange for the 2023 Canceled Option, the reporting person received a replacement award of AO LTIP Units, which AO LTIP Units are intended to qualify as profits interests for US federal income tax purposes. The AO LTIP Units are convertible at the reporting person's election into vested LTIP Units that are convertible into OP Units. The resulting OP Units may be exchanged by the reporting person for Common Shares or the equivalent cash value of Common Shares, as determined by the Company.