Form 8-K · Current Report · Filed 2024-10-31
Public Storage Appoints New Chief Operating Officer
On October 30, 2024, Public Storage appointed Christopher Sambar as its Chief Operating Officer, effective immediately.
- Filer
- PSA PSA
- Filed
- Accession
- 0001193125-24-248690
- CIK
- 0001393311
- Signal
- Medium impact
- Source
- Official filing on sec.gov ↗
Details
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.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$335.83
Next session
-3.6%
Since filing
-3.5%
Latest close
$324.17
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