Public Storage Director Ronald L. Havner Jr. Receives 4.45 DSUs via Dividend Reinvestment
Public Storage
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Filing Summary
📊 Public Storage ($PSA) Form 4 Filing Insider: Ronald L. Havner Jr. (Director) Type: Acquisition (Award / DSU Dividend Equivalent) Shares: 4.45 @ $285.85 (~$1,272) Direct Ownership Post-Transaction: 6,734.99 shares Indirect Holdings: 317,787 (Trust) | 1,900 (Spouse IRA)
Comprehensive Analysis
Transaction Summary
Public Storage Director Ronald L. Havner Jr. acquired 4.45 Common Shares (in the form of Deferred Share Units, or DSUs) on October 6, 2026, at an implied price of $285.85 per share, representing a total value of approximately $1,272.03.
Nature of Transaction
The filing reflects a routine grant of fully-vested DSUs in lieu of cash dividend equivalents under the company's Non-Management Trustee Compensation and Deferral Program. Each DSU represents the right to receive one common share upon separation of service, death, disability, or a change of control. Because this transaction represents an automatic or elective dividend reinvestment rather than open-market buying, it carries low market significance.
Insider Holdings
Following this transaction, Mr. Havner directly holds 6,734.99 common shares (including 2,734.99 DSUs and 4,000 RSUs subject to deferred receipt). In addition, he maintains substantial indirect beneficial ownership of 317,787 shares through the Havner Family Trust and 1,900 shares held in his spouse's IRA.
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