Public Storage (PSA) Proxy filing summary

Voting matters and shareholder proposals

• Shareholders will vote on the election of eleven trustee nominees at the 2026 Annual Meeting.

• An advisory vote will be held to approve the compensation of Named Executive Officers.

• Ratification of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2026 is on the agenda.

• Proxies are authorized to vote on any other business that may properly come before the meeting.

Board of directors and corporate governance

• Eleven individuals have been nominated for election as trustees, with board recommendations provided for each.

Executive compensation and say-on-pay

• An advisory vote is scheduled to approve the compensation of Named Executive Officers.