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Form 8-K

sec.gov

8-K — Public Storage

Accession: 0001193125-26-297556

Filed: 2026-07-07

Period: 2026-07-02

CIK: 0001393311

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

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

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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 2, 2026

PUBLIC STORAGE

(Exact name of registrant as specified in its charter)

Maryland

001-33519

93-2834996

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

2811 Internet Boulevard, Frisco, Texas

75304

(Address of principal executive offices)

(Zip Code)

(469) 649-9486

(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

Guarantee of 0.875% Senior Notes due 2032 issued by Public Storage Operating Company

PSA/32

New York Stock Exchange

Guarantee of 0.500% Senior Notes due 2030 issued by Public Storage Operating Company

PSA/30

New York Stock Exchange

Guarantee of 3.500% Senior Notes due 2034 issued by Public Storage Operating Company

PSA/34

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

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

On July 2, 2026, Chris Sambar, the Chief Operating Officer of Public Storage (the “Company”), resigned effective at the end of July to join T-Mobile as Chief Enterprise Officer. The resignation did not relate to a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. As Public Storage progresses its PS4.0™ strategic vision, the Company’s deep bench of operational leaders will drive industry-leading customer experience and execute the planned integrations of the Company’s recently announced acquisitions. The operations leadership team will report directly to Chief Executive Officer, Tom Boyle, until a permanent replacement is identified.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this Current Report on Form 8-K, other than statements of historical fact, are forward-looking statements, which may be identified by the use of the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” and similar expressions. These forward-looking statements involve known and unknown risks and uncertainties, which may cause actual events to be materially different from those expressed or implied in the forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2026, in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2026, filed with the SEC on April 27, 2026, and in the Company’s other filings with the SEC. The Company does not undertake any obligation to publicly update or review any forward-looking statement except as required by law, whether as a result of new information, future developments or otherwise.

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 7, 2026

Chief Legal Officer & Corporate Secretary

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Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 5.050% Cum Pref Share, Series G, $0.01 par value

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Depositary Shares Each Representing 11000 Of A 5.600 Cum Pref Share Series H 0.01 Par Value 2 [Member]

Document And Entity Information [Line Items]

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Security Exchange Name

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Depositary Shares Each Representing 11000 Of A 4.875 Cum Pref Share Series I 0.01 Par Value 3 [Member]

Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 4.875% Cum Pref Share, Series I, $0.01 par value

Trading Symbol

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Security Exchange Name

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Depositary Shares Each Representing 11000 Of A 4.700 Cum Pref Share Series J 0.01 Par Value [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

Depositary Shares Each Representing 11000 Of A 4.750 Cum Pref Share Series K 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 4.750% Cum Pref Share, Series K, $0.01 par value

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Security Exchange Name

NYSE

Depositary Shares Each Representing 11000 Of A 4.625 Cum Pref Share Series L 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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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

Depositary Shares Each Representing 11000 Of A 4.125 Cum Pref Share Series M 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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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

Depositary Shares Each Representing 11000 Of A 3.875 Cum Pref Share Series N 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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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

Depositary Shares Each Representing 11000 Of A 3.900 Cum Pref Share Series O 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 3.900% Cum Pref Share, Series O, $0.01 par value

Trading Symbol

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Security Exchange Name

NYSE

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Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series P, $0.01 par value

Trading Symbol

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Security Exchange Name

NYSE

Depositary Shares Each Representing 11000 Of A 3.950 Cum Pref Share Series Q 0.01 Par Value [Member]

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Depositary Shares Each Representing 1/1,000 of a 3.950% Cum Pref Share, Series Q, $0.01 par value

Trading Symbol

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Security Exchange Name

NYSE

Depositary Shares Each Representing 11000 Of A 4.000 Cum Pref Share Series R 0.01 Par Value [Member]

Document And Entity Information [Line Items]

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Depositary Shares Each Representing 1/1,000 of a 4.000% Cum Pref Share, Series R, $0.01 par value

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NYSE

Depositary Shares Each Representing 11000 Of A 4.100 Cum Pref Share Series S 0.01 Par Value [Member]

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Security Exchange Name

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Guarantee Notes Due 2032 [Member]

Document And Entity Information [Line Items]

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Guarantee of 0.875% Senior Notes due 2032 issued by Public Storage Operating Company

Trading Symbol

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Security Exchange Name

NYSE

Guarantee Notes Due 2030 [Member]

Document And Entity Information [Line Items]

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Trading Symbol

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Security Exchange Name

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