Public Storage Appoints New Chief Operating Officer

Summary

On October 30, 2024, Public Storage appointed Christopher Sambar as its Chief Operating Officer, effective immediately. Sambar, with extensive experience from AT&T, will participate in the Company's executive compensation program, with an initial base salary of $800,000. He will also receive a make-whole new hire cash bonus of $1,000,000 and equity awards totaling $7,500,000. The Company will enter into an indemnification agreement with Sambar, similar to those with other executive officers.