Form 4: Public Storage Director Havner Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Ronald L. Havner Jr. of Public Storage reports disposing of shares to cover tax obligations related to deferred share units.
Summary
- On April 1, 2025, Ronald L. Havner Jr., a director of Public Storage, disposed of 266 common shares to cover tax obligations.
- The shares were disposed of at a price of $298.86 per share.
- Following the transaction, Havner directly owns 8,442.85 common shares, which includes 2,708.85 deferred share units.
- Havner also indirectly owns 316,319 common shares through a trust and 1,900 common shares through a spouse's IRA.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations, which is common among executives with equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| February 19, 2015 | Date of grant of 10,000 vested restricted share units. |
| April 1, 2016 | Original vesting date of the restricted share units. |
| April 1, 2021 | Start date of the 10-year installment schedule for deferred receipt of restricted share units. |
| April 1, 2025 | Date of the reported transaction (share disposal). |
| April 2, 2025 | Date of signature on the Form 4 filing. |
| April 1, 2030 | End date of the 10-year installment schedule for deferred receipt of restricted share units. |
Keywords
Public Storage, Ronald L. Havner Jr., Form 4, Share Disposal, Beneficial Ownership, Deferred Share Units, Tax Obligations, Insider Trading
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