Public Storage (PSA.N)
PSA.N on New York Stock Exchange
192.75USD
20 Apr 2018
192.75USD
20 Apr 2018
Change (% chg)
$-1.04 (-0.54%)
$-1.04 (-0.54%)
Prev Close
$193.79
$193.79
Open
$194.43
$194.43
Day's High
$194.73
$194.73
Day's Low
$192.25
$192.25
Volume
483,238
483,238
Avg. Vol
262,565
262,565
52-wk High
$230.32
$230.32
52-wk Low
$180.48
$180.48
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Ronald Havner |
60 | 2016 | Chairman of the Board of Trustees, Chief Executive Officer |
Joseph Russell |
58 | 2016 | President |
Edward John Reyes |
56 | 1996 | Chief Financial Officer, Senior Vice President |
Lily Hughes |
53 | 2015 | Senior Vice President, Chief Legal Officer, Corporate Secretary |
Gary Pruitt |
68 | 2011 | Lead Independent Trustee |
Tamara Gustavson |
56 | 2008 | Trustee |
Uri Harkham |
68 | 1993 | Independent Trustee |
Leslie Heisz |
56 | 2017 | Independent Trustee |
B. Wayne Hughes |
57 | 1998 | Trustee |
Avedick Poladian |
65 | 2010 | Independent Trustee |
Ronald Spogli |
68 | 2010 | Independent Trustee |
Daniel Staton |
64 | 1999 | Independent Trustee |
Biographies
| Name | Description |
|---|---|
Ronald Havner |
Mr. Ronald L. Havner, Jr. has been appointed Chairman of the Board of Trustees of the Company effective on Effective January 1, 2019. He is no longer Chief Executive Officer of the Company Effective January 1, 2019. He joined Public Storage in 1986 and held a variety of senior management positions. Mr. Havner has been Chairman of the Board of Public Storage’s affiliate, PS Business Parks, Inc. (PSB), since March 1998. Mr. Havner also serves as a director of AvalonBay Communities, Inc. and California Resources Corp. Mr. Havner was the 2014 Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. (NAREIT). Mr. Havner’s qualifications for the Board include his extensive leadership experience and Company and industry knowledge. As the only trustee who is also a member of the Public Storage executive management team, Mr. Havner provides management’s perspective in Board discussions about the operations and strategic direction of the Company. |
Joseph Russell |
Mr. Joseph Darryl Russell, Jr. has been appointed President, Chief Executive Officer of the Company of the Company Effective January 1, 2019. Mr. Russell has been President of the Company since July 2016. Prior to joining the Company, Mr. Russell was CEO of PS Business Parks, Inc. from August 2003 to July 2016 and President from September 2002 until August 2015. Mr. Russell has also served as a director of PS Business Parks since August 2003. He also currently serves on the board of directors of the Self Storage Association. |
Edward John Reyes |
Mr. Edward John Reyes has been appointed Trustee of the Company Effective January 1, 2019. He joined Public Storage in 1990 and was Controller of Public Storage from 1992 until December 1996 when he became Chief Financial Officer. He became a Vice President of Public Storage in November 1995 and a Senior Vice President of Public Storage in December 1996. From 1983 to 1990, Mr. Reyes was employed by Ernst & Young as a certified public accountant. |
Lily Hughes |
Ms. Lily Yan Hughes is Senior Vice President, Chief Legal Officer, Corporate Secretary of the Company. She was Vice President and Associate General Counsel-Corporate, M&A and Finance and also Assistant Corporate Secretary at Ingram Micro, a Fortune 100 NYSE company with operations in 39 countries and 21,000 employees, which she joined in 1997. Before joining Ingram Micro, Ms. Hughes was a partner in the Los Angeles office of Manatt, Phelps and Phillips. Ms. Hughes received her B.A. in Political Science from the University of California at Berkeley and J.D. from the University of California Berkeley’s Boalt Hall School of Law. |
Gary Pruitt |
Mr. Gary E. Pruitt is Lead Independent Trustee of the Company. He became a member of the Board in August 2006 in connection with the merger of Shurgard Storage Centers, Inc. with Public Storage. Mr. Pruitt retired as Chairman of Univar N.V. (Univar) (NYSE: UNVR), a chemical distribution company based in Bellevue, Washington, with distribution centers in the United States, Canada and Europe in 2010 and retired as Chief Executive Officer in October 2009. He joined Univar in 1978. Previously, Mr. Pruitt was a chartered accountant with Arthur Andersen from 1973 through 1977. Mr. Pruitt is a member of the Board of Directors of PS Business Parks (NYSE: PSB), Itron, Inc. (NASDAQ: ITRI), a global technology company, and Esterline Technologies Corp. (NYSE: ESL), a specialized manufacturing company—all companies listed on the New York Stock Exchange. |
Tamara Gustavson |
Ms. Tamara Hughes Gustavson is Trustee of the Company. She was previously employed by Public Storage from 1983 to 2003, serving most recently as Vice President–Administration. During the past five years, Ms. Gustavson has been engaged in charitable and community activities. Her business experience has included supervising her personal financial and business investments. Ms. Gustavson also serves on the Board of Directors of the USC-CHLA Institute for Pediatric Clinical Research. Ms. Hughes Gustavson is our largest single shareholder and a member of the Hughes family (the Hughes Family) that collectively owns approximately 15.4% of the Company’s Common Stock. She is the sister of B. Wayne Hughes, Jr., also a trustee, and the daughter of B. Wayne Hughes, Chairman Emeritus and the Company’s Co-Founder. |
Uri Harkham |
Mr. Uri P. Harkham is Independent Trustee of the Company. He has been the Chief Executive Officer of Harkham Family Enterprises, a real estate firm specializing in buying and rebuilding retail and mixed use real estate throughout Southern California. Until his retirement in 2011, Mr. Harkham was also President and Chief Executive Officer of Harkham Industries, which specialized in the design, manufacture and marketing of women’s clothing under its four labels, Harkham, Hype, Jonathan Martin and Johnny Martin, since its organization in 1974. Mr. Harkham still serves as a consultant in the retail and fashion industry. |
Leslie Heisz |
Ms. Leslie Stone Heisz is Independent Trustee of the Company. She is an experienced investment banking and finance executive. Ms. Heisz joined Lazard Frères & Co. in 2003 as a senior advisor and served as a managing director from 2004 through April 2010, providing strategic financial advisory services for clients in a variety of industries. Ms. Heisz was previously a managing director of Dresdner Kleinwort Wasserstein and its predecessor for six years, specializing in mergers and acquisitions, as well as leveraged finance, and leading the Gaming and Leisure Group and the Los Angeles office. Ms. Heisz has been a member of the Board of Directors of Kaiser Permanente since January 2015 and Edwards Lifesciences (NYSE: EW) since July 2016. She previously served on the Boards of Directors of Ingram Micro Inc. (NYSE: IM), Towers Watson (NASDAQ: WLTW), HCC Insurance Holdings, Inc. and International Game Technology (NYSE: IGT). |
B. Wayne Hughes |
Mr. B. Wayne Hughes, Jr. is Trustee of the Company. He was employed by Public Storage from 1983 to 2002, serving as Vice President–Acquisitions of Public Storage from 1992 to 2002. Mr. Hughes, Jr. is the founder and an officer of American Commercial Equities, LLC and its affiliates, companies engaged in the acquisition and operation of commercial properties in California. He is the brother of Tamara Hughes Gustavson, also a trustee, and the son of B. Wayne Hughes, Chairman Emeritus and the Company’s Co-Founder. The Hughes Family together owns approximately 14.3% of the Company’s Common Stock. |
Avedick Poladian |
Mr. Avedick Baruyr Poladian is Independent Trustee of the Company. He held the positions of Executive Vice President and Chief Operating Officer for Lowe Enterprises, Inc., a diversified national real estate company that he joined in 2003. Mr. Poladian was with Arthur Andersen from 1974 to 2002 and is a certified public accountant (inactive). He serves as a director of two funds managed by Western Asset Management Funds, a director of Occidental Petroleum Corporation (NYSE: OXY), and a director of California Resources Corp. (NYSE: CRC) Mr. Poladian is also a member of the Board of Councilors of the University of Southern California School of Policy, Planning and Development, the Board of Advisors of the Ronald Reagan UCLA Medical Center and the YMCA of Metropolitan Los Angeles. |
Ronald Spogli |
Mr. Ronald P. Spogli is Independent Trustee of the Company. He is a member of the Compensation Committee and the Nominating/Corporate Governance Committee. He became a member of the Board in February 2010. Mr. Spogli co-founded Freeman Spogli & Co. (Freeman Spogli), a private investment firm, in 1983. He served as the United States Ambassador to the Italian Republic and the Republic of San Marino from August 2005 until February 2009. Mr. Spogli is a trustee of Stanford University and of the J. Paul Getty Trust, a member of the Investment Committee of the California Institute of Technology, a director of Grandpoint Capital Inc., a bank holding company, a member of the Board of Directors of SAVE, S.p.A., which operates the Venice Marco Polo Airport, and a member of the Board of Directors of White Bridge Investments, an Italian investment company. |
Daniel Staton |
Mr. Daniel C. Staton is Independent Trustee of the Company. He is Chairman of the Compensation Committee and a member of the Audit Committee, and he became a member of the Board in March 1999. Mr. Staton founded Staton Capital LLC, an investment and venture capital firm, in 2003 and serves as Chairman and Managing Director. Mr. Staton has served as Chairman and Director of Armour Residential REIT (NYSE: ARR) (Armour) since 2009 and served as President and Chief Executive Officer of Enterprise Acquisition Corp. from its inception in 2007 until its merger with Armour. Mr. Staton has also served as Chairman of the Board of Javelin Mortgage Investment Corp (NYSE: JMI) (Javelin), a mortgage REIT, since 2012 until its merger with Armour. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Ronald Havner |
11,218,600 |
Joseph Russell |
3,925,000 |
Edward John Reyes |
14,322,600 |
Lily Hughes |
3,654,270 |
Gary Pruitt |
318,300 |
Tamara Gustavson |
283,300 |
Uri Harkham |
290,800 |
Leslie Heisz |
-- |
B. Wayne Hughes |
283,300 |
Avedick Poladian |
313,300 |
Ronald Spogli |
298,300 |
Daniel Staton |
303,300 |
As Of
31 Dec 2016
Options Compensation
| Name | Options | Value |
|---|---|---|
Ronald Havner |
0 | 0 |
Joseph Russell |
0 | 0 |
Edward John Reyes |
0 | 0 |
Lily Hughes |
0 | 0 |
Gary Pruitt |
0 | 0 |
Tamara Gustavson |
0 | 0 |
Uri Harkham |
0 | 0 |
Leslie Heisz |
0 | 0 |
B. Wayne Hughes |
0 | 0 |
Avedick Poladian |
0 | 0 |
Ronald Spogli |
0 | 0 |
Daniel Staton |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
Hughes (Lily Yan) |
443 | $194.53 |
Russell (Joseph Darryl Jr) |
5,000 | $0.00 |
Havner (Ronald L Jr) |
25,000 | $0.00 |
Reyes (Edward John) |
12,000 | $0.00 |
Hughes (Lily Yan) |
2,000 | $0.00 |
Hughes (Lily Yan) |
318 | $193.14 |
Reyes (Edward John) |
1,488 | $193.14 |
Havner (Ronald L Jr) |
3,099 | $193.14 |
Hughes (Lily Yan) |
316 | $186.31 |
Reyes (Edward John) |
11,172 | $186.31 |
Havner (Ronald L Jr) |
13,635 | $186.31 |
Havner (Ronald L Jr) |
2,409 | $190.48 |
Hughes (Lily Yan) |
323 | $203.53 |
Pruitt (Gary E) |
5,000 | $91.81 |
Pruitt (Gary E) |
5,000 | $212.09 |
Reyes (Edward John) |
60,000 | $80.48 |
Reyes (Edward John) |
60,000 | $212.24 |
Harkham (Uri P) |
2,000 | $115.96 |
Spogli (Ronald P) |
2,000 | $200.59 |
Russell (Joseph Darryl Jr) |
799 | $212.73 |
Reyes (Edward John) |
60,000 | $207.11 |
Reyes (Edward John) |
60,000 | $80.48 |
Reyes (Edward John) |
65,000 | $208.44 |
Reyes (Edward John) |
65,000 | $80.48 |
Havner (Ronald L Jr) |
40,000 | $218.95 |