Public Storage (PSA) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 7, 2025, with voting available online or in person.

• Shareholders are encouraged to review proxy materials and vote by the specified deadlines.

Voting matters and shareholder proposals

• Election of 12 trustees, each recommended by the board for approval.

• Advisory vote on executive compensation for named executive officers.

• Ratification of Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2025.

• Approval of amendment and restatement of the 2021 Equity and Performance-Based Incentive Compensation Plan.

• Proxies authorized to vote on other business as may properly come before the meeting.

Board of directors and corporate governance

• Board recommends all nominees for election as trustees.

• Nominees include a mix of current and new candidates, reflecting board continuity and refreshment.