Public Storage (NYSE: PSA) director takes quarterly retainers in 128 LTIP Units

NodeGuardian · 2026-04-03T01:08:06+00:00

Luke J. Petherbridge of Public Storage received 128 LTIP Units as equity compensation, part of a program for non-management trustees. These vested units, aimed to replace cash retainers, can convert into OP Units and then into common shares or cash.

NodeGuardian

2026-04-03 01:08:06

Abstract generation in progress

Public Storage director Luke J. Petherbridge received 128 LTIP Units as equity compensation under the company’s Non-Management Trustee Compensation and Deferral Program. These fully vested units, which qualify as profits interests for tax purposes, were given in lieu of a portion of his quarterly cash retainers. The LTIP Units can be converted into OP Units and subsequently exchanged for Public Storage common shares or their cash equivalent.

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